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No such thing as a silly question.

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Comments

  • Mick-H
    Mick-H Posts: 45 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Audaxer wrote: »
    Okay, but if you have a medium risk portfolio and there is an equity crash in the next year or two your portfolio could drop 30%, and you would be drawing out £9,120 throughout the year as prices are falling. I hope it doesn't happen, but I think there is a risk of you not being able to keep up that level of drawdown in a bear market.

    Got enough put away that I wouldn't have to touch my lump sum should the worst happen.
  • TBC15
    TBC15 Posts: 1,503 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Mick-H wrote: »
    I'll be getting in touch on Monday to double check.

    Knocked the dust of the abacus I’m paying £470 on £141000 with a monthly drawdown.

    You would pay about £263 on £98000 with AJ Bell
  • Mick-H
    Mick-H Posts: 45 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    TBC15 wrote: »
    Knocked the dust of the abacus I’m paying £470 on £141000 with a monthly drawdown.

    You would pay about £263 on £98000 with AJ Bell


    Ta, will be looking round on Monday.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Mick-H wrote: »
    It's invested.

    What does the portfolio consist of?
  • Mick-H
    Mick-H Posts: 45 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Thrugelmir wrote: »
    What does the portfolio consist of?

    It's the Pension Bee Tailored Plan.
  • Username999
    Username999 Posts: 536 Forumite
    500 Posts First Anniversary Name Dropper
    Mick-H wrote: »
    It's a yearly fee of around £680 with pension bee.

    My understanding is that Hargreaves Lansdown do not charge for Drawdown.from SIPP.
    One person caring about another represents life's greatest value.
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