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SIPP for gap between 55 and DB @63
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If you invest in IT's or shares with HL, then there is a cap on the annual charge at £200. That's is what we have done. I start drawing my Sipp next April ( all in cash)and will empty it completely over 3 years until DB kicks in. My wife's is full invested and she will do the same in just under 5 years time. We will gradually move it to cash over that time.Early retired in summer 2018 and loving it0
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Thrugelmir wrote: »Markets are unlikely to remain placid as they have been for the past decade. Statistically there's a 1 in 6 possibility of markets falling by 10% in a year. Your planning needs to include a contingency allowance for the unexpected. All you really can do is to to save until you reach your objective. With a relatively short window there's no certainty as to what investment returns will be. Even allowing for the reinvestment of income generated.
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