Flexible Drawdown Strategies

squirrelpie

Albermarle said:

DavidT67 said:

LHW99 said:

Dows anyone have examples of how easy different platforms make it to draw down flexibly choosing what is taxable and what is tax free, and/or leaving crystallised funds in the portfolio.  Are some easier than others.

Just on this point, it will depend on the platform. I believe HL keep crystallised and uncrystallised pots separate, whereas other (DIY) platforms keep it as one, but mark the % that has been crystallised. If you use an IFA, they presumably keep track on it for you.

Also HL charge two separate account fees for the SIPP and Drawdown accounts, some other brokers don't. 

As HL charge a % fee then of course they will charge that on all funds, whether you have one pot or two, but will make no difference in the end .

It would make a big difference to me, since I always use ITs and ETCs instead of funds precisely because the fees are limited. So it could double my fees in theory.

Albermarle

squirrelpie said:

Albermarle said:

DavidT67 said:

LHW99 said:

Dows anyone have examples of how easy different platforms make it to draw down flexibly choosing what is taxable and what is tax free, and/or leaving crystallised funds in the portfolio.  Are some easier than others.

Just on this point, it will depend on the platform. I believe HL keep crystallised and uncrystallised pots separate, whereas other (DIY) platforms keep it as one, but mark the % that has been crystallised. If you use an IFA, they presumably keep track on it for you.

Also HL charge two separate account fees for the SIPP and Drawdown accounts, some other brokers don't. 

As HL charge a % fee then of course they will charge that on all funds, whether you have one pot or two, but will make no difference in the end .

It would make a big difference to me, since I always use ITs and ETCs instead of funds precisely because the fees are limited. So it could double my fees in theory.

If that is the case then it is another example of HL's tight T's and C's on these caps. With Fidelity the £90 cap on IT's etc covers the whole platform.

squirrelpie

Fidelity has a notably more restricted range of investments than HL

dunstonh

squirrelpie said:

Fidelity has a notably more restricted range of investments than HL

Out of interest, what areas are they weak in?   They always appear to have the investments I choose to use.    

I know they were moving from the old fund supermarket model to the whole of market model but your comment suggests they are not quite there yet.

DavidT67

Fidelity lists 400 ETFs out of a possible 1500+,

AJ Bell seems to have them all. 

HL has less listed than AJ Bell, as they only allow GBP trade currency.  

With both AJB and HL they've always been willing to add ETFs to their online lists when asked, don't know about Fidelity.

Albermarle

squirrelpie said:

Fidelity has a notably more restricted range of investments than HL

Maybe, but 3100 funds, 400 Etf's; 188 IT's and shares, is probably enough for most.

squirrelpie

dunstonh said:

Out of interest, what areas are they weak in?

I don't know about areas but specifically they don't seem to have Caledonia Investments, F&C Investment Trust or VinaCapital Vietnam Opportunity Fund all of which are fairly well-known. There are seven investments in my SIPP they don't have.