This can be the biggest danger of all mate. Well said.No. If the fund is worth over 30,000 then you need to seek financial advice if you want to move the fund (drawdown etc).
Ring pensionwise and you will get a free consultation. As the fund is worth more than £30,000 you will need advice if you want to move it.
Although 4% may seem high, a good advisor will be able to get you the best deal possible. They will also be able to explain the most tax efficient way of accessing the fund.
No disrespect mate, but there is nothing wrong with pensions. The problem is; people either can’t be arsed to read up on the scheme; or don’t want to pay for financial advice
That’s doesn’t sound right mind mate. Normally, you can expect your contributions back pretty quickly. The 25% tax free lump sum normally covers a large chunk of your contributions
The amount of people who’ve just blindly purchased an annuity with their pot without seeking advice on their options is frightening.