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SIPP = pre-tax or rebate?
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You do not pay NI on your pension on the way out.0
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Today I've taken 2 of my 6 ISA funds and applied for a pension. I'm now in 2 thoughts again though as I didn't realise the nazi government don't give you the choice of when to draw down. 55 earliest & likely to rise :fMortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
Cashback sites: £900 | £30k in 2016: £30,300 (101%)0 -
I think you should carry out some research about what it is that you're applying for, this is hardly shocking information that has been hidden away in small print.0
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I'm now in 2 thoughts again though as I didn't realise the nazi government don't give you the choice of when to draw down. 55 earliest & likely to rise :f
You have choice as long as it is after age 55. The clue is in the name of the tax wrapper. Pension. The Govt gives tax advantages to encourage saving towards retirement. It would not be logical if it allowed earlier access. That is what the ISA (and other tax wrappers) are for.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
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