Cofunds Pension Account

Feature	Availability
Pension credits	✔ Tick
Flexi-access drawdown	✔ Tick - no limit to income taken from pension
Drawdown transfer – capped and flexi-access	✔ Tick
Uncrystallised Funds Pension Lump Sum (UFPLS)	✔ Tick
Minimum transfer value	£5,000 initial, £1,000 subsequent
Minimum single contribution	£5,000 initial, £1,000 subsequent
Once you've invested £5,000 - minimum regular monthly contribution	£100
Pre-fund tax relief	× Cross

Charge type	Charge amount	Frequency
Drawdown Establishment Charge	£100 per sub plan	On designation or transfer of a scheme already crystallised.
Drawdown Annual Charge	£120 per sub plan	Annually in advance, if income is taken
Uncrystallised Funds Pension Lump Sum (UFPLS) charge	£220	For each UFPLS payment
Review of income limits for a capped drawdown pension	£100	At least every three years before client reaches 75 years old and then annually
Switching capped drawdown pensions to a flexi-access drawdown pension	£100	N/A
Payment of the total remaining fund through flexi-access drawdown or UFPLS	£300	N/A

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