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How to take 25% and then Drawdown from a SIPP
Comments
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whiteflag, have you been drinking? not like you to pm me to congratulate me and call me `honey`
Happy new year anyway0 -
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:THE NUMBER is how much you need to live comfortably: very IMPORTANT as part 1 of Retirement Planning. (Average response to my thread is £26k pa)0 -
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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.0
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