epp drawdown

shiredeon

As suggested by edinvestor i asked the question of zurich if they would allow me to take max TFC and transfer remainder into sipp, they agreed, so on my fund of 150k i can take TFC at 90k investing the rest for drawdown, it took a lot of ringing but it was worth it.

EdInvestor

:T :T Well done shiredeon.

Persistence pays off.

Now you'll have to decide what to invest the drawdown money in, so that it groiws away there while you guys are off doing your own thing.

Presumably James Hay offers a very wide choice of funds?

Have a look at this site where the funds are all put into their categories and rated. Obviously pick from the top 10:

https://www.citywire.co.uk/Funds/Home.aspx

The equivalent to the HYP idea ( lower risk equities) are "Equity Income" funds. Property funds (bricks and mortar, commercial, not residential) also worth a look. For a bit of spice, commodities funds, special situations, UK small caps perhaps.

shiredeon

Do i look at IMA funds or ABI funds, and what quantity would you consider
for a 90k investment, thanks.

EdInvestor

IMA.

I thought you were taling the 90k in cash and it was the remaining amount that needed to be invested?

shiredeon

your quite right ed, i am going mad with information, i will invest the 90k TFC in a hyp, i have 70k to invest in the sipp, good job you know what i'm doing,

EdInvestor

Right then.No rush, no doubt the money will sit in a cash account at James Hay earning a bit of interest while you get things sorted