RE: Potential1 Feb 2018 13:50
SIPP?
If you have no other income, then drawdown can work, but I have rent and dividend coming in,
so will probably pay 40% tax on drawdown cash, so I will probably not draw any, and then I die, having never touched the pension money.
I stopped putting money into pensions years ago. What I do have I intend to wait for interest rate to go back up, and then get an annuity. If I can get 8%, forever, I'll be happy. Can't be faffing about drawdown schedules when I'm 70.
ISA are so simple, it's all yours. If Natasha wants a mink coat, I don't have to pay 40% tax drawing it out.