Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

Varying YouInvest regular drawdown payments

vrdiver
Lemon Quarter
Posts: 2574
Joined: November 5th, 2016, 2:22 am
Has thanked: 552 times
Been thanked: 1212 times

Varying YouInvest regular drawdown payments

#114831

Postby vrdiver » February 1st, 2018, 10:55 am

Hopefully a quick question.

If I set up a regular payment from my YouInvest SIPP, there is an annual charge of £100.

Is it possible to vary the amount and or date of payment myself, and if so, is there any additional charge?

TIA
VRD

swill453
Lemon Half
Posts: 7962
Joined: November 4th, 2016, 6:11 pm
Has thanked: 984 times
Been thanked: 3643 times

Re: Varying YouInvest regular drawdown payments

#114834

Postby swill453 » February 1st, 2018, 10:59 am

vrdiver wrote:Hopefully a quick question.

If I set up a regular payment from my YouInvest SIPP, there is an annual charge of £100.

Is it possible to vary the amount and or date of payment myself, and if so, is there any additional charge?

There's no charge for varying it, but I don't think you have any control over the date of payment. Ours always comes around the 14th of the month.

Scott.

Shinyuk
Posts: 29
Joined: November 5th, 2016, 4:26 pm
Has thanked: 7 times
Been thanked: 8 times

Re: Varying YouInvest regular drawdown payments

#117705

Postby Shinyuk » February 12th, 2018, 6:57 pm

I vary mine a lot, to make sure I fall just under the 40% tax threshold. I think their payment run is on the 10th of the month and it’s takes a few days to hit the bank account. They’ve always been very helpful once I’ve go the know the routine.


Return to “Pensions - Practical Problems”

Who is online

Users browsing this forum: monabri and 11 guests