Investing lump sum without paying lots of tax

Green_hopeful

Thank you. I have had a good read of the links and also the most recent pension provider’s website. 

stuhse

Pension pension pension 

Green_hopeful

So my existing work pension doesn’t allow me to pay in a lump sum. So I need a pension that is sensible and will let me draw down the funds from 55 in lump sums I think. Any views on where to start. Is there a comparison site? 

xylophone

https://moneytothemasses.com/saving-for-your-future/pensions/the-best-cheapest-sipps-low-cost-diy-pensions

 By way of example, Hargreaves Lansdown would not charge any fee for holding the entire contribution in cash if that were your preference and would pay interest within the SIPP.

https://www.hl.co.uk/charges-and-interest-rates

xylophone

If you would prefer to take professional advice, you could try

https://adviserbook.co.uk/

Tick "confirmed independent" and "pensions and retirement" when the menu comes up.

Green_hopeful

Thanks both I will have a read. 

jimjames

Another option for pension provider and probably cheaper than HL is Vanguard

https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/personal-pension-account