To use an IFA or not use an IFA

[VvrooomM]

Age 52.5, possibly planning to retire in the next couple of years. Can’t begin drawdown until 55 obviously but have some savings to bridge the gap.

Do I need an IFA though, would it be wise/prudent to have one? Got my fingers burnt with the last one that was absolutely useless. I have my person split between IM/CD and ii, my investments are self chosen with my ongoing costs being circa 0.82% with IM/CD and 0.22% with ii per annum.

Thanks for the thoughts in advance.

[Jockman]

Not sure you will be able to begin drawing from your pension at 55. Rules they are a changin’

[Ronski]

From 6 April 2028 the minimum age increases to 57, except in some circumstances.

Presumably if your 55 and start drawing down before the above date they're not going to stop you until your 57 are they?

[Nik Burrows]

@VvrooomM said in To use an IFA or not use an IFA:

Age 52.5, possibly planning to retire in the next couple of years. Can’t begin drawdown until 55 obviously but have some savings to bridge the gap.

Do I need an IFA though, would it be wise/prudent to have one? Got my fingers burnt with the last one that was absolutely useless. I have my person split between IM/CD and ii, my investments are self chosen with my ongoing costs being circa 0.82% with IM/CD and 0.22% with ii per annum.

Thanks for the thoughts in advance.

Hi VvrooomM

If you want to look at guidance first drop me a message and we can set a call/meeting up.

We can then chat through what you are looking to do, what things you may need to consider and the options available. If you feel that you have enough information and understanding after that to make your own decisions and plans then you may decide that you don't need advice

If you're still not sure after that you can either then take some advice from us or find another IFA. I would hope that at that point, if feel you need advice you will know what you are looking for from an adviser.

Cheers

Nik