RE: As I stated a few months back27 Mar 2024 19:53
Razor - my limit was 1,250k @25% so 312.5k. From memory it was called 2016 protection. Thinking about it no one advised me to do that it was just something I stumbled across fortunately. Then I was on holiday in Lanzarote and it coincided with Liz Truss spooking the markets and I converted the remaining pot into an annuity at approx 6.7% per annum. It’s not everyone’s cup of tea and not the most tax efficient way of withdrawing pension funds but I just love the certainty of that income stream each month. 56 now so will carry on working part time to top up and then call it a day at 60. Made a few poor investments on AIM but at least I got the pension right thank god.