Taking pension Drawdown

af1963

If you can get it all out at once without pushing yourself into a higher tax band, that sounds fair enough. 

If the extra withdrawal would put you into higher rate tax you might be better to transfer it to another provider that charges a simple percentage fee rather than a fixed minimum charge, then take it out more gradually.

dunstonh

urrrrz said:

is there such a thing as selling your pension fund to the highest bidder?

Why would anyone pay you more for your units when they can buy the units at market price?

Most pensions are mono charged. i.e. a fixed percentage around 0.30%-1.00% p.a.   So, they can never run out of money.

Where you have a multi-charge plan or one with fixed charges, then there is a risk of running out.     
Options are to move to a better charged one or call it day and take the tax charge.

Beddie

You haven't needed it up to now, so it's surplus funds - take it out and spend it on holidays or whatever.