Opinions on when best to take some money out...

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Phil Jones

Guest
Just after peoples opinions on this one.

I have 2 personal pension plans, which were worth around £210K combined a year ago, £150K 5 months ago but £160K now - starting to creep up a bit. I'm 57 this year and wondering when would be the right time to take some cash from them (from the 25% that I can take tax free) - and put into other fixed interest savings. I already have cash ISAs so would need to find some other type of investment.

I just don't want these to creep back up again - ony to lose again in 8 - 10 years time.

Any opinions greatfully received

Phil
 
This is an Irish website, about personal finances.

You might be lucky, and somebody might know about UK pensions law.
 
Irish ? Not sure what you mean - and its not Law I'm after - just opinions
 
Phil Jones said:
Irish ? Not sure what you mean - and its not Law I'm after - just opinions
Click to expand...

Protocol means that as this is an Irish site, the majority of contribuitors to this site are Irish and would not therefore be familiar with your issues, as your post suggests that you are in the UK. The laws regarding when and how you can withdraw monies from your pension differ here in Ireland to the UK. We don't have any equivalent ISA product here either.
 
Thanks for that. I couldn't see anywhere it mentions being Irish !!

Do you know of any similar UK Forums?

Phil
 
Thanks Very much for that - I'll register there.

Phil
 
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