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Income Drawdown Control Account %
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I've no idea of the mechanics of the annual drawdown payment but this is year 3 and there's been no problem with the payment taken as an annual lump sum
This is something you decide (if you DIY) or your adviser decides (on advice cases). it is not for the product provider to decide.but I don't know whether this "no cash held" aspect is somehow to my disadvantage/a handicap to growth/selling at a bad time etc.
It probably is as normally you would use it on drawdown cases.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Just wondering why with such a huge financial setup full of people with two brains it's only a measly 1%.0
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