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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
HL drawdown question
Krakkkers
Posts: 1,330 Forumite
Just put a tiny (£2k) pot into drawdown and intend to take the lot in the new tax year.
Already have a much larger sipp and a FS pension so the money is in cash in my HL drawdown account now but can I invest it to earn interest rather than buying funds or shares as its very short term, can I get interest on this money for a couple of months?.
Already have a much larger sipp and a FS pension so the money is in cash in my HL drawdown account now but can I invest it to earn interest rather than buying funds or shares as its very short term, can I get interest on this money for a couple of months?.
0
Comments
-
Not going to recommend any investments but HL do pay interest on cash held in their accounts:
Interest rates for HL Accounts | Hargreaves Lansdown
0 -
That's great, so I am getting 3.65% on the cash, thanks.0
-
Have you considered taking the whole 2k in one go using the small pots rule... Would seem a lot less admin/work for a small amount...0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards