Originally posted by expat
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75.00 each GAD calculation
10.00 alter (regular) payment amount/frequency
25.00 ad hoc payment.
(supposing income drawdown, not annuity purchase).
The GAD calculation ("Government Actuary's Dept) is the calculation of how much you are allowed to take out in income. They must do this every 5 years, and will also do it every time you move money from your pension account into your drawdown account. It looks to me like regular monthly in-and-25%-out might be impractical, if it triggers a 75.00 charge each time. OTOH annual might be OK.
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