Hi I have just moved a pension to trading 212 and was checking the costs of withdrawal are correct
UFPLS withdrawal £240 per withdrawal
Drawdown withdrawal £240 per withdrawal
This seems a bit high or that the idea is just to grow your pension with trading 212 then move to a different provider once you need to withdraw your money.
I put your text into Google Gemini. Here is the first part of the reply:
It looks like your friend might have got their wires crossed, or perhaps they are looking at the fee schedule of a completely different platform—like Freetrade, which coincidentally charges exactly £240 per UFPLS or Drawdown withdrawal.
Trading 212 does not charge £240 for withdrawals.
In fact, Trading 212’s model for their recently launched SIPP is built entirely on zero platform fees, zero dealing commissions, and a low 0.15% FX fee. They do not levy any explicit charges or penalty fees for taking single lump sums (UFPLS) or starting flexi-access drawdown.