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Transfer out to Freetrade SIPP - de-registration risk
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The issue is that SIPP withdrawals are a cost to the provider, having to sort tax out for example.incus432 said:Look at Monevator's list of platforms. Freetrade is the only one listed I can see that has that restriction. 'No drawdown, £240 per UFPLS' Eeek
Therefore an extremely low cost platform is going to have to charge you on way or another.
If you are with a more expensive platform, then there are often no/few extra charges for a SIPP or withdrawals.0 -
If the OP is not transferring until his subscription to Freetrade expires it is entirely logical to find out what would happen if they were deregistered before that.
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