We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Is this retirement plan feasible?

itm2 · 2012-11-22 15:04:25

I am trying to plan an early retirement for myself and my wife based on a part-drawdown, part-annuity strategy, and was wondering if anyone could advise on whether what I’m planning is within current UK pension & tax regulations? My own pension funds are currently spread 50-50 between a SIPP (with Hargreaves Lansdown) and…

Comments

kidmugsy Posts: 12,709 Forumite

26 November 2012 at 12:33AM

I've drawndown from HL and then payed a new contribution into my SIPP with them. The new money sits in a second "arrangement" within the same SIPP. I imagine that when I crystallise it to take its lump sum that it will then join the first arrangement.

Free the dunston one next time too.
0