Pension advice for a numptie please
Pension advice for a numptie please
Author
Discussion

helmutlaang

Original Poster:

515 posts

186 months

Monday 29th June
quotequote all
Ok as per title,please go gently!

I’ve asked on here previously about moving one fund into another but this time I’m asking about taking my pension.

So I’m a few months of 55. I have around 120k in an old workplace pension.

I want to take the 25% allowance and have a flexible drawdown option on the rest. Trouble is the current fund does not allow that so will need to move.

So what I need is:
Ability to drawdown if I need to (hopefully not but you never know)
Fully managed,because I am that numptie
Obviously fees are important consideration

To summarise, I want nothing to do with the investment choices but I’d like to see fund performance and if I need to take some of the pot.

What I’ve found so far is either AJ bell or Vanguard seem to be best.

Anyone have any opinions or recommendations on these or others?

Thanks

Sheepshanks

40,264 posts

146 months

Monday 29th June
quotequote all
You could try here: https://www.moneyhelper.org.uk/en/pensions-and-ret... It's kind of a Government thing.

If you want to have a phone call with them it looks like there's around a 6 week backlog. There's also a chat facility.

miko382

31 posts

3 months

Monday 29th June
quotequote all
Moving a pension pot can be such a headache. Have you looked into the platform fees for those options? That often makes or breaks the decision for me.

bennno

15,102 posts

296 months

Monday 29th June
quotequote all
I went with ii, huge choice of funds, great app, low charges, transfer was easy


Mazinbrum

1,296 posts

205 months

Monday 29th June
quotequote all
bennno said:
I went with ii, huge choice of funds, great app, low charges, transfer was easy
Im with ii, good choice of funds, the even have a list of recommended funds.
I recieve cash a few days after requesting the withdrawal too.