Aviva and TFLS

jimjames

sgx2000 said:

kempiejon said:

sgx2000 said:

Does Aviva allow the crystalised pension to remain in the same fund?
Or will they insist on moving the crystalised pot to someplace else?

I don't know anything about Aviva so you should ask em but I doubt there'd be a problem investing in the same fund. Or one very similar. What's the fund investing in just now?
So you'll be taking 25% out of the market and into cash, as you'll still be expecting a downturn will that allocation let you sleep OK at night?

Are you still going to contribute to that fund or are you living off you pension?

My thought is
Take the TFLS out of the pension before the crash.
Put it into Cash ISA and wait for the crash.  Then buy similar funds via S&S Isa when the market reaches near bottom

If you only have £20k available then it probably doesn't make a lot of difference but why not just keep the money in cash inside the Aviva pension? Or transfer the money from Aviva to a SIPP where you can keep it in funds and switch between cash and funds at will? (side note though - timing the market isn't normally a way to increase your wealth)
I've done a cash transfer from my Aviva scheme to SIPP and despite Christmas/NY it has completed in under 2 weeks.

sgx2000

Sea_Shell said:

"Our SIPP allows you to take income as a lump-sum, one-time payments as and when you need them, or as regular payments that suit you."

Interesting 🤔 

So can you set up regular payments AND then take a lump sum if needed at any time?

Yep....But, you have to move it to a SIPP.... 

Whether you can get the same fund (if you want to stay invested in the same fund)  I do ot know
I suspect you will either have to pick your own funds or choose one of their default funds.

I may just set up an Aviva Sipp to see what is available...

Albermarle

Sea_Shell said:

"Our SIPP allows you to take income as a lump-sum, one-time payments as and when you need them, or as regular payments that suit you."

Interesting 🤔 

So can you set up regular payments AND then take a lump sum if needed at any time?

Many of the current retail SIPPs, like HL, Fidelity etc., are pretty much fully flexible on withdrawals.

QrizB

Cobbler_tone said:

2026 is predicted to be a strong year from everything I’ve read. As for a ‘crash’, a stopped clock is right twice a day.

We're obviously reading different things!

sgx2000

QrizB said:

Cobbler_tone said:

2026 is predicted to be a strong year from everything I’ve read. As for a ‘crash’, a stopped clock is right twice a day.

We're obviously reading different things!

Me too............

cfw1994

sgx2000 said:

Some info for TK policies...
.
I have just spoken to Aviva
I have been told that.....

1. If I choose to take the full tax free cash, the remainder will stay invested in the same fund.  Mine is....

Aviva Pensions My Future Focus Consolidation (Pre-2024) S6    

( a TK policy) (risk level 2)

2. Taken from the Aviva Website (strangely, not very well explained on the phone call)

"This pension cannot provide an automatic regular income.  If you want to take a regular income from your drawdown, you will need to transfer this pension into one that can offer it."   

i.e.  Transfer to Aviva SIPP (or other provider) 
(or you can request 'one off' payments from the remaining fund without moving to sipp))

also then, also from the website.....

"Transfer to an Aviva SIPP

Our SIPP allows you to take income as a lump-sum, one-time payments as and when you need them, or as regular payments that suit you.

• Transfer in any pensions you have.
• Minimum lump sum or transfer of £5,000, or £1,000 if you also make monthly payments of £25 or more.

You can transfer in to an existing Aviva SIPP or set up a new one. Our retirements team can help with this over the phone, or you can do it yourself online."

The whole process can be started online....

Hope this info helps anyone else with the same fund / policy...

That’s what my relative found….& because they might want a regular payment in future, they moved it to an Aviva SIPP & then took their 25% 👍

Similar funds available, although not precisely the same, so it had to be sold down, moved as cash, then re-invested.  Aviva did that for them fairly rapidly.
Always a ‘risk’ being out of the markets, but given the pot had grown so well over previous couple of years, they weren’t too concerned 🤷‍♂️

sgx2000 said:

QrizB said:

Cobbler_tone said:

2026 is predicted to be a strong year from everything I’ve read. As for a ‘crash’, a stopped clock is right twice a day.

We're obviously reading different things!

Me too............

Me three!
A big chunk we have managed 22% last year….not expecting the same this year!
But….the world is a funny place, who knows 🤷‍♂️

sgx2000

cfw1994 said:

That’s what my relative found….& because they might want a regular payment in future, they moved it to an Aviva SIPP & then took their 25% 👍

Similar funds available, although not precisely the same, so it had to be sold down, moved as cash, then re-invested.  Aviva did that for them fairly rapidly.
Always a ‘risk’ being out of the markets, but given the pot had grown so well over previous couple of years, they weren’t too concerned 🤷‍♂️

sgx2000 said:

QrizB said:

Cobbler_tone said:

2026 is predicted to be a strong year from everything I’ve read. As for a ‘crash’, a stopped clock is right twice a day.

We're obviously reading different things!

Me too............

Me three!
A big chunk we have managed 22% last year….not expecting the same this year!
But….the world is a funny place, who knows 🤷‍♂️

The prospect of them converting to cash just as the market crashes is what wories me...

Sea_Shell

sgx2000 said:

cfw1994 said:

That’s what my relative found….& because they might want a regular payment in future, they moved it to an Aviva SIPP & then took their 25% 👍

Similar funds available, although not precisely the same, so it had to be sold down, moved as cash, then re-invested.  Aviva did that for them fairly rapidly.
Always a ‘risk’ being out of the markets, but given the pot had grown so well over previous couple of years, they weren’t too concerned 🤷‍♂️

sgx2000 said:

QrizB said:

Cobbler_tone said:

2026 is predicted to be a strong year from everything I’ve read. As for a ‘crash’, a stopped clock is right twice a day.

We're obviously reading different things!

Me too............

Me three!
A big chunk we have managed 22% last year….not expecting the same this year!
But….the world is a funny place, who knows 🤷‍♂️

The prospect of them converting to cash just as the market crashes is what wories me...

But just think of all the cheap units you'd then buy back.

If you're going to stay invested, is the risk not the other way round?!?    A price surge whilst uninvested?

sgx2000

Sea_Shell said:

sgx2000 said:

cfw1994 said:

That’s what my relative found….& because they might want a regular payment in future, they moved it to an Aviva SIPP & then took their 25% 👍

Similar funds available, although not precisely the same, so it had to be sold down, moved as cash, then re-invested.  Aviva did that for them fairly rapidly.
Always a ‘risk’ being out of the markets, but given the pot had grown so well over previous couple of years, they weren’t too concerned 🤷‍♂️

sgx2000 said:

QrizB said:

Cobbler_tone said:

2026 is predicted to be a strong year from everything I’ve read. As for a ‘crash’, a stopped clock is right twice a day.

We're obviously reading different things!

Me too............

Me three!
A big chunk we have managed 22% last year….not expecting the same this year!
But….the world is a funny place, who knows 🤷‍♂️

The prospect of them converting to cash just as the market crashes is what wories me...

But just think of all the cheap units you'd then buy back.

If you're going to stay invested, is the risk not the other way round?!?    A price surge whilst uninvested?

I was thinking..
What if I agree with Aviva that they sell my workplace pension for cash then transfer to a SIPP.
They say it will take several weeks.
The market crashes 50% the day before they sell for cash
I finish up 50% down on my expected TFLS....

Sea_Shell

sgx2000 said:

Sea_Shell said:

sgx2000 said:

cfw1994 said:

That’s what my relative found….& because they might want a regular payment in future, they moved it to an Aviva SIPP & then took their 25% 👍

Similar funds available, although not precisely the same, so it had to be sold down, moved as cash, then re-invested.  Aviva did that for them fairly rapidly.
Always a ‘risk’ being out of the markets, but given the pot had grown so well over previous couple of years, they weren’t too concerned 🤷‍♂️

sgx2000 said:

QrizB said:

Cobbler_tone said:

2026 is predicted to be a strong year from everything I’ve read. As for a ‘crash’, a stopped clock is right twice a day.

We're obviously reading different things!

Me too............

Me three!
A big chunk we have managed 22% last year….not expecting the same this year!
But….the world is a funny place, who knows 🤷‍♂️

The prospect of them converting to cash just as the market crashes is what wories me...

But just think of all the cheap units you'd then buy back.

If you're going to stay invested, is the risk not the other way round?!?    A price surge whilst uninvested?

I was thinking..
What if I agree with Aviva that they sell my workplace pension for cash then transfer to a SIPP.
They say it will take several weeks.
The market crashes 50% the day before they sell for cash
I finish up 50% down on my expected TFLS....

What is your plan for your TFLS?*

Are you going to spend it?

Or save it?   Or invest it?

If you're going to reinvest most of it, then a crash doesn't matter as much as if you needed £x to buy something specific, or pay off debt.



ETA * Up thread it sounds like you're just trying to time the market