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Taking drawdown with lowest fees

matty6962 · 2020-08-12 11:32:36

Hi everyone I am due to take my private pension with prudential. I’ve decided I want to do a drawdown and take my money out ASAP within 2 years allowing for the tax years. Every financial advisor I talk to wants at least 1.5% of my pot plus other charges. Does anyone know if there is a cheaper way to do a drawdown. Ty

Comments

ColdIron Posts: 10,325 Forumite

18 August 2020 at 8:57AM

green_man said:

just be aware (like most SIPPs) you will need to keep it open for over 12 months to avoid larger closer costs.

HL have now scrapped exit or closure fees

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