Nominee Flexi-Access Drawdown

[Thats you there]

I'm almost 75 and have started to take one of my two pension funds.
The remaining one has a value of about 125k. Nominee FAD would be a help for my two children, but L&G do not offer this as an option.
Any suggestions for pension providers who do offer this, and is there any pitfalls?

[Panamax]

"It should be noted that the Autumn 2024 Budget announced that pensions will be subject to inheritance tax from 2027."

Is it worth faffing about when the rules are going to change in 18 months' time?

I guess that decision may depend on your current state of health.

[Simpo Two]

Panamax said:

"It should be noted that the Autumn 2024 Budget announced that pensions will be subject to inheritance tax from 2027."

Is it worth faffing about when the rules are going to change in 18 months' time?

This is why I was never massively keen on pensions - a political football with lots of strings attached.

OP - you don't permit e-mails.

[Panamax]

Simpo Two said:

This is why I was never massively keen on pensions - a political football with lots of strings attached.

Your point is well made. It's one of the reasons I see ISA (S&S) as a useful accompaniment with SIPP for long term planning.
ISA is the ultimate "flexi-drawdown"!

For some years I considered "spend your pension last" to be a viable way forward since investments continue to cumulate tax free and and anything left over at the end might fall outside the IHT net. Robot Rachel has kyboshed that one.

[Thats you there]

Thanks for the replies. I don't think I'll come into inheritance tax bracket. It was more for the children, if I last ten years that's close to their own retirement and they could spread it over a few years, saving them a few pounds.
The plan for the pension I've just started to take is to put into a (S&S) ISA

I've changed the e-mail settings if your able to give any other thoughts.

[Simpo Two]

Thats you there said:

The plan for the pension I've just started to take is to put into a (S&S) ISA.

That seems sound to me and is my investment vehicle of choice. YHM.

[Panamax]

Simpo Two said:

ISA - my investment vehicle of choice.

Such wisdom, and in one so young.