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Most tax efficient way to withdraw money from all pensions pots

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Comments

  • DRS1
    DRS1 Posts: 3,038 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    At least the pension figures seem to be going in the right direction.
  • singhini
    singhini Posts: 1,242 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 1 March 2025 at 5:14PM
    Agreed, and thanks for your help and input.

    I think i know what im going to do moving forward (famous last words)

    Currently live off savings and equity from property downsize monies
    57 focus on taking £16,760 annually from DC pots untill 65
    65 onwards start taking DB pension (see if PCLS is a possibility)
    67 state pension 

    I have a tendency to mute most posts so if your expecting me to respond you might be waiting along time!
  • DRS1
    DRS1 Posts: 3,038 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    65 onwards start taking DC pension (see if PCLS is a possibility)

    I am guessing that should read DB not DC,
  • singhini
    singhini Posts: 1,242 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Well spotted :blush:

    i've edited/updated my post - thanks 
    I have a tendency to mute most posts so if your expecting me to respond you might be waiting along time!
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