I have a pot of about £300,000
As an adviser with Better Retirement I charge a fee and normally this is a fixed fee paid in advance.
The fee depends on the complexity of the advice and the size of the drawdown fund.
the table below is taken from Better Retirement's terms of business
Standard advice
Complex advice
Min / Max Fee
£500 / £7,500
£1,500 / £10,000
Lower band
Upper band
£ -
£ 150,000
2%
2.50%
£ 150,000.00
£ 500,000
0.75%
1%
£ 500,000.00
£ 1,000,000
0.25%
0.50%
This means that if you took the tax-free cash the fee would be about £3,500 which can be taken form the pension pot
