I'm due to turn 54 this autumn, think I have "enough", and am starting to wonder about de-accumulation order.
I'm currently contributing to AVCs to the extent my take home pay is around the annual income tax allowance, and I'm finding that enough to live on, but have no time to actually spend on recreation, so I'd guess I'll spend around £30-40,000/year post retirement. I should be eligible for the full state pension give or take a year or two of contributions
Outside my house, ISAs and a moderate DB pension(from 67), I have the following assets:
Mixed VCTs | 100,000
GIA Equities, VWRL etc | 300,000
Premium Bonds | 50,000
Index Linked Certificates | 160,000
AVCs, VWRL etc | 220,000
Total | 830,000
My inclination is to bed and ISA £20,000 from the GIA each year, run down the AVCs at the annual income tax allowance +333% each year and then making up the rest of my expenditure by selling the premium bonds, followed by the VCTs and finally anything left in the GIA, or am I missing something obvious?
Depending on expenditure and investment returns, I may need to dip into the ISA for a few years before state pension age, or depending on the current tax situation, decide to start the DB pension slightly early.