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Withdraw 25% Tax Free from Pension

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  • IvyJay
    IvyJay Posts: 56 Forumite
    Fourth Anniversary 10 Posts
    Thanks for the replies guys!
  • Biollante21
    Biollante21 Posts: 85 Forumite
    Fifth Anniversary 10 Posts Photogenic
    I was going to ask on here about how to transfer to a different pension compnay but this is a great starting point
    I have a pension that currently stands at 54k and i too wish to take 25% but i dont really understand how the whole pension thing works so il use HL as a starting point
  • dunstonh
    dunstonh Posts: 119,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    it is also worth noting that Aviva confusingly say [on legacy plans] they support drawdown in their policy details summary but have an extra leaflet that goes onto show that they only support UFPLS. This is just one form of drawdown and is not the method the OP is looking 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.
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