I calculated (current value of pension scheme) divided by (years I plan to live) and came up with quite a satisfactory annual figure.
Another method (if, like me, you have a SIPP) is to look at the annual dividend income, which is likely to be quite a bit higher than the annuity rate, if you turn the tap from "reinvest" to "withdraw." This method does not even eat into your pot and you have some prospect of future gains (or losses).
You must expect a stock market crash every ten years or so. A Pension scheme lasts a long time so you need to develop the fortitude to live through them.
Another method (if, like me, you have a SIPP) is to look at the annual dividend income, which is likely to be quite a bit higher than the annuity rate, if you turn the tap from "reinvest" to "withdraw." This method does not even eat into your pot and you have some prospect of future gains (or losses).
You must expect a stock market crash every ten years or so. A Pension scheme lasts a long time so you need to develop the fortitude to live through them.