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NEST Flexi access drawdown

I read that nest is rolling out flex access drawdown and that once done you will be able to take 25% of pot tax free - anybody know when this is likely to be available?

Comments

  • Marcon
    Marcon Posts: 16,353 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Combo Breaker

    By the end of this year. Minimum of £5k needed in your NEST account.

    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • dunstonh
    dunstonh Posts: 121,864 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker

    From my understanding, it's going to be a really basic option as well. That would be understandable given its NEST. So if yours is a very small pot and rather insignificant in the scheme of things, then that won't necessarily be a problem. If it's a decent size, then looking at alternatives would almost certainly be worth doing.

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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