From: "Andy Pandy" 
Newsgroups: uk.finance
Subject: Re: From Drawdown to ISA
Date: Fri, 26 Jan 2007 19:50:17 -0000


"John Boyle"  wrote in message
news:3H4REqBpVguFFw50@johnboyle1.demon.co.uk...
> >> >> b) considering that you may not make it to retirement age
> >> >
> >> > But equally you might not live long enough to cash in your ISA's.
> >>
> >> I feel a lot safer knowing that I only have to wait for a 3 day bank
> >> transfer (I could even pay for a quicker CHAPS transfer, if I was that
> >> desperate) from my ISA than wait until I'm 50 before I can get my hands on
> >> any of it!
> >
> >So can creditors. And the DWP can point to it if you try to claim means tested
> >benefits. They can't with a pension.
>
> Please excuse my butting into this part of the thread but I think I
> should say that my ISA strategy would not be appropriate for people in
> that situation and I would suggest a formal Pension Plan is the better
> route.

So be sure to polish your crystal ball....

--
Andy