Nest funds

DE_612183

penners324 said:

DE_612183 said:

dunstonh said:

They recently changed them and there is limited data on the revised funds.  However, they are not great.  It's a simple scheme with middle-of-the-road options aimed at very small employers (who cannot afford to set up schemes with the big players).     You wouldn't pick them by choice if you were buying your own pension but there are worse options.

Hi, I've got a nest pension pot of about £100k - I'm no longer contributing and wasn't fussed on changing - especially as I'll retire soon and they don't charge for withdrawals.

Are there any other options I should consider?

They dont allow you to take 25% tax free.

Not sure what you mean - any withdrawal has a 25% tax free element surely?

Albermarle

DE_612183 said:

penners324 said:

DE_612183 said:

dunstonh said:

They recently changed them and there is limited data on the revised funds.  However, they are not great.  It's a simple scheme with middle-of-the-road options aimed at very small employers (who cannot afford to set up schemes with the big players).     You wouldn't pick them by choice if you were buying your own pension but there are worse options.

Hi, I've got a nest pension pot of about £100k - I'm no longer contributing and wasn't fussed on changing - especially as I'll retire soon and they don't charge for withdrawals.

Are there any other options I should consider?

They dont allow you to take 25% tax free.

Not sure what you mean - any withdrawal has a 25% tax free element surely?

I think the problem is they do not allow you to just take the 25% tax free lump sum, and leave the 75% invested.
So they do not offer Flexi drawdown, only UFPLS payments ( where each withdrawal has 25% tax free).
That is as far as I remember anyway .

DE_612183

Albermarle said:

DE_612183 said:

penners324 said:

DE_612183 said:

dunstonh said:

They recently changed them and there is limited data on the revised funds.  However, they are not great.  It's a simple scheme with middle-of-the-road options aimed at very small employers (who cannot afford to set up schemes with the big players).     You wouldn't pick them by choice if you were buying your own pension but there are worse options.

Hi, I've got a nest pension pot of about £100k - I'm no longer contributing and wasn't fussed on changing - especially as I'll retire soon and they don't charge for withdrawals.

Are there any other options I should consider?

They dont allow you to take 25% tax free.

Not sure what you mean - any withdrawal has a 25% tax free element surely?

I think the problem is they do not allow you to just take the 25% tax free lump sum, and leave the 75% invested.
So they do not offer Flexi drawdown, only UFPLS payments ( where each withdrawal has 25% tax free).
That is as far as I remember anyway .

which is fine for what I want to do.