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Best low cost drawdown providers

Looking to transfer wife's Pru with profits pension to a drawdown to release the 25% tfls in order to help our son with a house deposit. Any recommendations for a low cost provider?

Comments

  • dunstonh
    dunstonh Posts: 121,978
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    You haven't said what drawdown method you intend to use (immediate is clear but not future - not all providers support all methods)
    Or how you intend to invest (no point someone mentioning a provider that doesn't facilitate your chosen investments)
    Or what features and functionality you are after

    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.
  • kerfootuk
    kerfootuk Posts: 77
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    edited 18 February 2022 at 12:56PM
    Likely to leave the balance in pension wrapper in a managed fund as not investment savvy. Will fund it with £2880 per annum.
    I've reposted in the pension thread as I realised I had posted in the wrong forum.
  • GeoffTF
    GeoffTF Posts: 2,939
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    kerfootuk said:
    Likely to leave the balance in pension wrapper in a managed fund as not investment savvy. Will fund it with £2880 per annum.
    I've reposted in the pension thread as I realised I had posted in the wrong forum.
    You have not answered dunstonh's question. You appear to need to study the pension rules. Here is a cost comparison:

    https://monevator.com/compare-uk-cheapest-online-brokers/

    Nonetheless, you will need to check carefully that the provider will do what you want.
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