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Retirement Income: using ISA S&S isa as a drawdown portfolio to create income

Answer
Jamesb101
Posted Wed, 13 Nov 2024 11:03:20 GMT by Jamesb101
Im using my S&S ISA as a drawdown portfolio to regularly sell equities and create a regular retirement income. This is required as I don’t have a large pension. Does this count as income (not capital) and can I regularly give away money from this excess income which would be IHT free?
Answer
HMRC Admin 34 Response
Posted Thu, 14 Nov 2024 10:18:58 GMT by HMRC Admin 34 Response
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.

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