![]() ![]() Always obtain independent, professional advice for your own particular situation. You should not rely on this information to make (or refrain from making) any decisions. ![]() The material on the Money to the Masses website, 80-20 Investor, Damien’s Money MOT, associated pages, channels, accounts and any other correspondence are for general information only and do not constitute investment, tax, legal or other form of advice. The following links can be used if you do not wish to help Money to the Masses or take advantage of any exclusive offers - Interactive Investor If you go via the link, Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. If a link has an * beside it this means that it is an affiliated link. Do nothing and leave your pension pot investedįor more information, read our article What are my pension options at retirement?.Pension drawdown is just one of your options when it comes to retirement and so it is worth considering all of the alternatives. What are the alternatives to pension drawdown? Top 3 - Cheapest pension drawdown providers for pensions worth £500k Company Top 3 - Cheapest pension drawdown providers for pensions worth £250k Company Top 3 - Cheapest pension drawdown providers for pensions worth £100k Company Top 3 - Cheapest pension drawdown providers for pensions worth £75k Company The total cost column assumes that you buy and hold your investments and don't make any fund switches. ![]() Below we have highlighted the top 3 cheapest pension drawdown providers for pension pots worth £75k, £100k, £250k and £500k. The best SIPP for pension drawdown depends on the size of your pension pot. For help choosing a reputable financial adviser, read our guide - 10 tips on how to find a good financial adviser. Which is the cheapest pension drawdown provider?ĭeciding what to do with your pension is likely to be one of the biggest financial decisions you will ever make and so you should consider seeking independent financial advice. Where it gets even more complex is when providers charge a different fee for different bands (similar to how income tax is calculated) depending on the size of your pot. It is this complex charging structure that makes it difficult to compare providers. To complicate matters, providers do not stick to one specific charging structure and so while some may charge a flat fee, others may charge a fee based on a percentage of your overall pot.
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