The Lemon Fool

Hello
I'm just at the point of FIRE, but now I have a tough decision on working on my drawdown strategy.
I have a SIPP, ISAs, GIA, Offshore Bond and bank accounts. The first three are consolidated under one company, but costs are rising.
I'm looking for a little practical advice on how to do this in a low cost, tax efficient manner.

How do I plan the drawdown using the basic tax rates, annual CGT and savers allowance. Has anyone seen a practical guide ?
Cheers

Hi nhaber,
you can draw down up to £50,270 using basic rate tax and also earn up to £1,000 interest free ( £500 FOR 40% TAX BAND ). CGT has a £12,300 tax free allowance. Perhaps you should arrange a free meeting with Pension Wise.



Good luck,

SB.