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Capped drawdown pension
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"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
|
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"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? |
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"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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"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. |
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"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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"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% ?? |
Reply privately, Reply in forum +quote
or View forums list | |
"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 |
Reply privately, Reply in forum +quote
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"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 +quote
or View forums list | |
"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 |
Reply privately, Reply in forum +quote
or View forums list | |
"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
|
Reply privately, Reply in forum +quote
or View forums list | |
"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 +quote
or View forums list | |
"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
|
Reply privately, Reply in forum +quote
or View forums list | |
"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 +quote
or View forums list | |
|
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 +quote
or View forums list | |
"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 +quote
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