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Sipp vs Drawdown vs Tax
JerryMartin
Posts: 4 Newbie
Having investigated I am convinced that I do not want an annuity.
I also do not want to spend a lot of time investigating and managing pensions investments.
I would like a flexible drawdown to maximise my tax benefits but also protect and safely increase the capital. Probably defer my State pension.
1. If I take my 25% can I also use my tax free allowance if I have no other earnings e.g. 25% +£11,850 tax free?
2. Can I continue to draw the tax free allowance while deferring my pensions
3. MSE doesnt seem to give a comparison table of flaxible drawdown investmenst, I am looking for trusted sources,
4. How long does it take to transfer from a Company fund to a pension investment/provider.
I also do not want to spend a lot of time investigating and managing pensions investments.
I would like a flexible drawdown to maximise my tax benefits but also protect and safely increase the capital. Probably defer my State pension.
1. If I take my 25% can I also use my tax free allowance if I have no other earnings e.g. 25% +£11,850 tax free?
2. Can I continue to draw the tax free allowance while deferring my pensions
3. MSE doesnt seem to give a comparison table of flaxible drawdown investmenst, I am looking for trusted sources,
4. How long does it take to transfer from a Company fund to a pension investment/provider.
0
Comments
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What sort of company fund: defined benefit or defined contribution?Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0
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If I take my 25% can I also use my tax free allowance if I have no other earnings e.g. 25% +£11,850 tax free?
Yes. Phased flexi access drawdown like that is very common. (assuming you mean 25% each year)2. Can I continue to draw the tax free allowance while deferring my pensions
yes3. MSE doesnt seem to give a comparison table of flaxible drawdown investmenst, I am looking for trusted sources,
investment recommendations is a regulated activity. There is no way they could filter 30,000+ investments and a near infinite variation into a table.4. How long does it take to transfer from a Company fund to a pension investment/provider.
a few days to 6 months depending on the type of company pension you have.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 -
4. How long does it take to transfer from a Company fund to a pension investment/provider.
As post 2 above, do you mean that you have a defined benefits occupational pension?0
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