We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
What's your drawdown percentage and how much of that do you spend on financial fees?


Age, late 50s
Retired for 6 years
Income from DB and rental is enough for me to live on
Drawdown is 0%
Financial fees ~0.1% (no IFA , no platform fees, just fund fees)
Comments
-
Age late 50s
Retired 10 years
Income rental & drawdown just commenced at 4.3%
Financial fees - platform ~0.1% funds 50% active average ~0.3%
Current plan is that drawdown will reduce to ~3% on SP kicking in and stop from age 75 to be toped up and replaced by ISAs all subject to change when the rules [or conditions] change..
0 -
pip895 said:Age late 50s
Retired 10 years
Income rental & drawdown just commenced at 4.3%
Financial fees - platform ~0.1% funds 50% active average ~0.3%
Current plan is that drawdown will reduce to ~3% on SP kicking in and stop from age 75 to be toped up and replaced by ISAs all subject to change when the rules change..
“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
bostonerimus said:Coming out of the recent thread on "4% foolishness", I thought it would be interesting to ask how much people in drawdown are taking out each year and how much of that do they spend on financial fees ie IFA, platform and fund charges etc. If you have other income you could mention that and also give a rough idea of your age. I'll start.
Age, late 50s
Retired for 6 years
Income from DB and rental is enough for me to live on
Drawdown is 0%
Financial fees ~0.1% (no IFA , no platform fees, just fund fees)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.1 -
bostonerimus said:pip895 said:Age late 50s
Retired 10 years
Income rental & drawdown just commenced at 4.3%
Financial fees - platform ~0.1% funds 50% active average ~0.3%
Current plan is that drawdown will reduce to ~3% on SP kicking in and stop from age 75 to be toped up and replaced by ISAs all subject to change when the rules change..
1 -
dunstonh said:bostonerimus said:Coming out of the recent thread on "4% foolishness", I thought it would be interesting to ask how much people in drawdown are taking out each year and how much of that do they spend on financial fees ie IFA, platform and fund charges etc. If you have other income you could mention that and also give a rough idea of your age. I'll start.
Age, late 50s
Retired for 6 years
Income from DB and rental is enough for me to live on
Drawdown is 0%
Financial fees ~0.1% (no IFA , no platform fees, just fund fees)“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
Early 50s, -1 years retired (?) Fees 0.15 % of portfolio
Drawdown will be of order 4.25% based on 'SWR' of 3-3.25% plus 1% uplift to account for 2 x full state pensions due eventually.
One issue is that with a smaller income there are less luxuries to be cut following a poor sequence of returns.I think....1 -
I am not retired quite yet but will be in a few years. Platform fees are 0.02% and fund fees around 0.75%/0
-
Age, early 50s. Wife and me. Canada.
Will retire when I stop enjoying work. The wife has largely retired but brings in $30K.
$10k income from the farm (could go up if I had more time)
Quite a bit of DB/state pension income but its a while before it gets going.
Don’t know what’s “enough to live on” but we won’t starve.
Financial fees ~0.1% (no IFA , platform fees only on my UK SIPP of 100 quid per annum, ETF MER fees, small commissions (only on UK SIPP).
Some but not all of my investments are subject to taxation: withholding taxes on dividends in various countries, capital gains, interest and dividend taxes in non-registered accounts. Adds another 0.2% cost to the overall portfolio.I estimate net worth as both “gross” of future taxes and “net”. Depending on the wrapper, the net version accounts for assumed future taxation impacts (0%, 10% or 30%).0 -
According to my broker my total costs across my GIA, ISA and SIPP amounted to 1.72% for the year ended 31st March 2021.
2 -
Late 50’s Reduced hours from 3000/yr to 150/yr, so let’s say retired.
SIPP + ISA: A mixture of active and passive. Charges 0.33% + £240 + some trades. So about 0.4%. YTD XIRR 25.6%
Property investment in USA. Charges close to 5% but that’s a performance fee, so it’s a good thing. XIRR last 10 yrs: 26.0% after fees
Too much cash, earning 0.55%. + Premium Bonds.
1 Buy-to-let: annual return after costs 7%; 1 fast car: annual return -5%, charges ~2k
Based on my health and energy levels last 10 yrs, I see my health doing this:
So I plan my withdrawal rate to look like this:
Spend it while you are active enough to enjoy it! Before I get flamed to oblivion, I have a full SP, and a modest DB which, together, will give me an index linked 20k (in today’s money) at 67. I can live on 20k if I have to, so I will never go hungry if the portfolio turns south.
There will be some CGT when I sell the BTL, and income tax on the pensions. Some tax each side of the Pond on the American fund. All in all not too unhappy at the amount of tax I am facing. Should be in the 5-10% range over the rest of my lifetime.
3
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards