Which is the best Income Drawdown provider

Fermion

Have reported post 10, as it appears to be advertising a company rather than general comment IMO

But that is what the original question asked?

dunstonh

Fermion wrote: »

But that is what the original question asked?

Post #10 as it was has been removed by the board. It was not Linton's post.
The poster that was removed was spamming the board with the same company. it looked like someone from that company self promoting by pretending to be a happy customer.

The OP was not asking to be spammed. That sort of company needs to be avoided. Not encouraged.

jamesd

etienneg wrote: »

How do charges for UFPLS withdrawals compare with those for drawdown? I'm just wondering if charges might make the UFPLS route preferable.

Depends on the company. No difference at HL, some can charge a higher annual fee for regular payments than one or two lumps. Better to pick what is best for you then change supplier to get the best total deal for it.

Be sure that you will never again want to pay more than £4k a year in pension contributions if you use UFPLS of take taxable money in drawdown. Either will trigger the Money Purchase Annual Allowance if £10k a year now, expected to resume planned drop to £4k after the election. Big drop from normal £40k for those still working who can save a lot of tax by maximising pension contributions. If you do need taxable money and are still working, the small pots rule allows withdrawing up to £10k which must be the whole pot value from up to three defined contribution pots per lifetime.