Tiny lumpsum and pension options?

dunstonh

Thanks, can you say if I am able to do the above though?

Unlikely. The pension is likely to be pre A day version which doesnt allow this option.

This will require it to be transferred to a personal pension or SIPP that does allow this.

BEP_3

I have been asked by an financial adviser to invest in a Hartford Platinum scheme is this the same as this

EdInvestor

BEP wrote: »

I have been asked by an financial adviser to invest in a Hartford Platinum scheme is this the same as this

Not really, though Hartford are using the income drawdown system to construct their "variable annuity" plan, which provides a guarantee.

Watch out for the often very high charges on these plans.

It's quite easy to provide your own guaranteed income simply by keeping a portion of your pension in cash and paying yourself from that.