peter jackson

£100k invested in 2007 with 5% withdrawals made since 2012 (12 x £5k = £60k). Bond value today £109k.approx several questions . Can I withdraw more than 5% in years 18, 19 and 20 as I didn't draw anything in the first 5 years ? Do these £5k withdrawals count against my personal tax allowances of £12.5k a year, or are they 'exempt' as they're tax paid ? After year 20 do the 5% withdrawal option end ? Assuming by year 20 i've withdrawn all my 5%'s (ie £100k) so only the 'profit' remains (approx £80k) , provided I don't have income above the 40% tax level can I withdraw the profit gradually over remaining years tax free ?