Pension drawdown

QrizB

Although being out of the market isn't ideal, I guess selling all my funds is the only way I could, possibly, transfer quickly enough to take a UFPLS this tax year.

Apologies if you've answered this already, but can you sell just £16760 to cash and then transfer that portion (rather than the full £150k) to eg. II / AJB / HL for your UFPLS?

kie-ade

https://forums.moneysavingexpert.com/discussion/comment/81877368#Comment_81877368

Thanks Albermarle.

Yes, a lump sum (or two) a year suits me, so I'm pretty sure the UFPLS route is best for me.

Good point about it probably being simpler to transfer prior to crystalising funds.

Luckily, I do have another (small) pension with Aviva. I wasn't going to touch this as it doesn't cover my full tax free amount but (as it's not too far off) I've decided to to take this money instead.

It will allow me to simply just transfer my Bestinvest to II without having to enter into drawdown with them now.

Hopefully, though, this post might be a heads up for others.

A big thanks to all those who have replied so far.

kie-ade

https://forums.moneysavingexpert.com/discussion/comment/81877488#Comment_81877488

I probably could although, when I spoke to II, they said I would affect my ability to then do an inspecie transfer.of my funds.

Albermarle

According to the news the owner of Best Invest ( a wealth management company) has been bought by NatWest.

Apparently due to the rise of the 'mass affluent' wealth management is an increasingly lucrative sector to be in .Not surprising when you see the charges !