FabSwingers.com forum: Capped drawdown pension

By *nabelle21 OP Woman
over a year ago

B38

Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

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By *ensualtouch15Man
over a year ago

ashby de la zouch

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Reply privately

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By *nabelle21 OP Woman
over a year ago

B38

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Reply privately

Reply in forum

Reply +quote

By *ensualtouch15Man
over a year ago

ashby de la zouch

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?"

Yes I understand it is and you will probably need to take advice to make the change

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By *orny PTMan
over a year ago

Peterborough

Speak to more than one advisor.

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By *nabelle21 OP Woman
over a year ago

B38

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount.

Reply privately

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By *ensualtouch15Man
over a year ago

ashby de la zouch

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount. "

You cant I dont think

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By *nabelle21 OP Woman
over a year ago

B38

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount.

You cant I dont think "

I think you can but it's probably not wise. I'm just mulling it around at the moment.

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By (user no longer on site)
over a year ago

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount.

You cant I dont think

I think you can but it's probably not wise. I'm just mulling it around at the moment."

If your friend is 55 can you not have 25% ??

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By *ensualtouch15Man
over a year ago

ashby de la zouch

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount.

You cant I dont think

I think you can but it's probably not wise. I'm just mulling it around at the moment.

If your friend is 55 can you not have 25% ??"

If they are already on down they should have had the 25 %

I think the change is a regulated one where the pension company can only change schemes from the instruction of an fa

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By *nabelle21 OP Woman
over a year ago

B38

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount.

You cant I dont think

I think you can but it's probably not wise. I'm just mulling it around at the moment.

If your friend is 55 can you not have 25% ??"

Yes..I believe so..definitely an option

Reply privately

Reply in forum

Reply +quote

By *ensualtouch15Man
over a year ago

ashby de la zouch

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount.

You cant I dont think

I think you can but it's probably not wise. I'm just mulling it around at the moment."

As for unwise

It would be unwise

A, To pay 40 percent tax at any stage

B, if it is spent then leaving the friend with no future income

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By *ensualtouch15Man
over a year ago

ashby de la zouch

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount.

You cant I dont think

I think you can but it's probably not wise. I'm just mulling it around at the moment.

If your friend is 55 can you not have 25% ??

Yes..I believe so..definitely an option"

How can they be on fixed drawdown and NOT have already taken the 25 percent

That would have been crazy

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By *nabelle21 OP Woman
over a year ago

B38

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount.

You cant I dont think

I think you can but it's probably not wise. I'm just mulling it around at the moment.

If your friend is 55 can you not have 25% ??

Yes..I believe so..definitely an option

How can they be on fixed drawdown and NOT have already taken the 25 percent

That would have been crazy

She is crazy!

Reply privately

Reply in forum

Reply +quote

By *ensualtouch15Man
over a year ago

ashby de la zouch

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount.

You cant I dont think

I think you can but it's probably not wise. I'm just mulling it around at the moment.

If your friend is 55 can you not have 25% ??

Yes..I believe so..definitely an option

How can they be on fixed drawdown and NOT have already taken the 25 percent

That would have been crazy

She is crazy!"

I'm not sure we have the facts here

Everyone takes the 25 percent

Tell us the real story

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By *nabelle21 OP Woman
over a year ago

B38

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount.

You cant I dont think

I think you can but it's probably not wise. I'm just mulling it around at the moment.

If your friend is 55 can you not have 25% ??

Yes..I believe so..definitely an option

How can they be on fixed drawdown and NOT have already taken the 25 percent

That would have been crazy

She is crazy!

I'm not sure we have the facts here

Everyone takes the 25 percent

Tell us the real story

That is the real story! I've sent you a pm

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount.

You cant I dont think

I think you can but it's probably not wise. I'm just mulling it around at the moment.

If your friend is 55 can you not have 25% ??

Yes..I believe so..definitely an option

How can they be on fixed drawdown and NOT have already taken the 25 percent

That would have been crazy

She is crazy!

I'm not sure we have the facts here

Everyone takes the 25 percent

Tell us the real story

That is the real story! I've sent you a pm"

Where’s my pm??

Reply privately

Reply in forum

Reply +quote

By *nabelle21 OP Woman
over a year ago

B38

"Hey guys

I'm just looking for a bit of advice for a friend.

What's the best way to release the most cash from a capped drawdown pension?

Thanks in advance

Change it to an uncapped one

And be careful about tax implications

Is uncapped a flexi drawdown..do you know?

Yes I understand it is and you will probably need to take advice to make the change

Thanks..I've trying to avoid a financial advisor. It's only a small amount.

You cant I dont think

I think you can but it's probably not wise. I'm just mulling it around at the moment.

If your friend is 55 can you not have 25% ??

Yes..I believe so..definitely an option

How can they be on fixed drawdown and NOT have already taken the 25 percent

That would have been crazy

She is crazy!

I'm not sure we have the facts here

Everyone takes the 25 percent

Tell us the real story

That is the real story! I've sent you a pm

Where’s my pm??

Sent..get your head around that

Reply privately

Reply in forum

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