How to take 25% and then Drawdown from a SIPP

[Deleted User]

whiteflag, have you been drinking? not like you to pm me to congratulate me and call me `honey`

Happy new year anyway

Gatser

whiteflag wrote: »

really you must be really thick then!

If you say so...old wise one! :rotfl:
I salute your superior knowledge & wisdom, especially in forecasting the future... :rolleyes:

noh

kittie wrote: »

..........................
I take one drawdown each year because it cuts down the cost and I can put the cash into a savings account and draw from that. eg investec high5 at 3+ % and I just need to give them notice at the appropriate time

It's worth noting that Sippdeal changed their charging structure on 1st December.
There is no longer a fee for payment (was £10) but there is now a £75 annual charge for plans in drawdown.
So taking one annual payment no longer saves money.