Selling funds in a SIPP

Prism

Liffy99 said:

I am not trying to second guess the market ! I, mistakenly obviously, assumed that I could sell my investments at the currently indicated price ! As I can’t I have to accept some volatility. Given that recently there have been BIG swings in the markets I am metely trying not to be invested when the next one comes. I am intending to withdraw the lot within two years. Hope that helps to clarify my intentions.

You can usually get a decent estimate on the next price by checking the markets that day. Withdrawing your entire pension is a bit unusual since its supposed to last through retirement but each to their own.

barnstar2077

You could sell in chunks to negate some of the risk of selling when there is a sudden big drop.

dunstonh

I am not trying to second guess the market ! I, mistakenly obviously, assumed that I could sell my investments at the currently indicated price !

The currently indicated price can be hours old as it only updates once a day.   Expecting daily priced assets to offer the same unit price all day would be suicide financially.   You could buy and sell using hindsight and bankrupt the fund.

If you want live pricing then you should use life priced assets.

Given that recently there have been BIG swings in the markets 

What big swings?

Liffy99

Yes, I understand about the timing issue now. As for big swings - how about the 30% drop in days by the Dow back in March ? It wiped tens of thousands from my pot. As for withdrawing it all - no, I certainly would not do this in the UK but, as we maybe moving to France, there is the option of taking the lot at 7% tax (and reinvesting).

dunstonh

As for big swings - how about the 30% drop in days by the Dow back in March ?

That was 6 months ago.   

 It wiped tens of thousands from my pot. 

You should be back in surplus again now.

[Deleted User]

Liffy99 said:

Yes, I understand about the timing issue now. As for big swings - how about the 30% drop in days by the Dow back in March ? It wiped tens of thousands from my pot. As for withdrawing it all - no, I certainly would not do this in the UK but, as we maybe moving to France, there is the option of taking the lot at 7% tax (and reinvesting).

So, all you would be doing is incurring the tax bill early rather than allowing this 7% to compound? How does “reinvesting” help you to avoid market volatility?