Simple free annual retirement drawdown template?

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Islandfielder

Registered User
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Wondering if anyone has access to a template such as this which they could share? i've searched on AAM first, but can't find a link from previous. I can access one via Zurich, but it doesn't show predictions per annum (and I'm not sure what inflation, fees, return etc, is being applied).

Wondering if anyone has a link I can use to a retirement drawdown template? I'm trying to assess (just a little over a year off 65) the impact on drawing down at 65 v. 67/68. On the modeller on my pension (Irish Life), I can access their predictions on how much the fund may be worth at various years, but I'm also trying to assess how much (if I draw down from 65) I would receive over those 5 years (65-70) as income, given the mandatory 4% of ARF once one kickstarts the pension.
 
Islandfielder said:
given the mandatory 4% of ARF once one kickstarts the pension.
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Fragmenting one's pension investments into separate smaller policies may give additional flexibility as to when and how you retire different pots and avoid retirement of one's pension being an all or nothing, one time only event.
 
Thank you @ClubMan. Do you mean buy different ARFs or a combo of ARF and annuity? I’m a DC pension (company pension) and have been advised once I draw it down and take lump sum I must invest in an ARF or annuity. Probably a basic question as had assumed one would need to choose just one type/financial entity to manage the 75% post lump sum.
 
Islandfielder said:
Do you mean buy different ARFs or a combo of ARF and annuity?
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Both/either.
Islandfielder said:
I’m a DC pension (company pension) and have been advised once I draw it down and take lump sum I must invest in an ARF or annuity.
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The splitting strategy that I'm referring to may not be available in every scenario. E.g. maybe not in the case of an occupational/company pension scheme as opposed to a private/personal pension. I'm able to do it with my PRSA.
 
Many thanks. I'll check it out (I used to be chair and trustee of the plan, so easy enough for me to check) - but I think it is not feasible (which is a pity).
 
ClubMan said:
Fragmenting one's pension investments into separate smaller policies may give additional flexibility as to when and how you retire different pots and avoid retirement of one's pension being an all or nothing, one time only event.
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I like the idea but how does it work in reality. If I had 2 different ARFs with 2 different pension providers how does taxation etc work. I though the pension provider handled tax but not sure what would happen if multiple providers
 
Jordan Belfort said:
not sure what would happen if multiple providers
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Same as if you had more than one employment/job.

But I was more thinking of the case of drawing down chunks of a pension at different times via ARF or PRSA drawdowns rather than drawing from more than one ARF/PRSA at any one time.

My small regular drawdowns from a PRSA that I've split off my main pension are handled via the PRSA provider's payroll system so same as if I was in a job - apart from the class S PRSI.
 
I’ve looked into this option for a future possible plan and understand it should be possible from any DC scheme. You don’t retire from the company though. You leave the company and transfer your pension into a prsa (or multiple PRSAs). Then you can retire each one at different stages and take lumps sums as you need to and avoid for example the mandatory 4% of the entire if you desire to.
 
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