Vanguard app for Pension Drawdown - advice please

EAB2

https://forums.moneysavingexpert.com/discussion/comment/82152344#Comment_82152344

Yes of course, which is why you can get annuities that track RPI etc, but for a cost

So in the penultimate example here, you pay £39k for a £12,570 tax-free income (Using your allowance) for 20 years - that's 6.6% risk free.

I quite like that as a fixed income option for a portion of the pension.

Anyway, I've gone way off my own topic 😂

ian16527

https://forums.moneysavingexpert.com/discussion/comment/82152260#Comment_82152260

Yes RoysV, that was the rule, but do not know if they have changed that too.

Regarding the phone call, I still had to have one in January but my wife did not have to have a call in May although it was for a low amount.

RogerPensionGuy

I'm also trying to fully understand how a flexi access drawdown actually works.

I have a SIPP that is all in a pre retirement account, so uncrystallised and I want it to stay uncrystallised until I use it just in case the LTA goes up(I have previous used all my 268K TFLS)

I am/was/thinking of just doing another annuity to empty me SIPP completely, but now more thinking leaving the SIPP mature, but maybe just draining it at 2 or 2.5% PA ongoing to provide a little more net cash flow every month and if we enter a market downturn, just stop the withdrawals as this is income not needed thankfully.

In my ideal world, I was hoping to keep 85% or 90% of the SIPP in a low cost until like the VALL from Vanguard and 10% or 15% in STMMFs and every month the SIPP platform will just sell the STMMFs to pay my monthly payments.

However it sounds like I will somehow have to top up the drawdown pot every period to ensure the drawdown pot has sufficient funds to pay the X amount of £s every month.

I will try looking on YouTube to see if I can find the exact way these platforms do this process from uncrystallised pot to drawdown pot.

If anyone can post a simple link on here as to how best easyist way to achieve what I'm looking for would be much appreciated.

I've worked hard to fill my pensions with value and want to try hard to maximise my net income and especially as I can switch off my SIPP drawdown for years or forever if I desire.

TIA Roger.