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Keeping 2 pension pots in drawdown/ufpls

safe_hands2 · 2025-07-03 06:15:16

Hi. 5 yrs away from retirement hopefully and starting to think about the mechanics of taking my pension. I have 2 pots with different providers, set up to bridge the income gap between 60 and 67. Would it be a pain to leave both pots and withdraw from them. Is it better to consolidate into one?

Comments

Albermarle Posts: 28,154 Forumite

5 July at 3:11PM

Some providers don't do "small pots" at all.

Vanguard are one as far as I know.

I assume the issue is low number of requests ( most people will have never heard of the small pots rule) and the extra admin involved.

I would guess that some of the newer, smaller, zero or near zero fees providers will not offer the facility either.

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