We are (husband and me) trustees of our Company's Pension Scheme (XL plus) and we are the only members of the scheme. Company has now been closed, we are retired (since June 2018) , aged 63 and 62.
Amounts in the Scheme are small £80,000 for husband and £50,000 for me. We stopped paying in aged 60.
We have a form to assign the scheme into our own names and stop being trustees. Is this a good idea.?
We can have flexible drawdown and as we have little to no income, could draw down almost up to the personal tax free amount each tax year from our pensions. My husband thinks we are best to consult a financial adviser but I think the amounts in our scheme are too small.
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