Yes sorry about the lack of information.
My wife and i are both retired and i put my private pension in a financial management company.So i have a pot and i am paid a monthly drawdown from that.
We have been with this company for forty six years and they are all above board and registered with the FCA.
It's just that the stock market hasn't been doing very well lately plus you have to pay fees to the company(you don't get anything for nothing!).
So it was just me wondering that if you took out the whole pot how much percentage tax would i pay(I have a feeling it would be forty percent) and would that last more if we invested it somewhere else.
You need to work out / ask whether you have bought an annuity - in which case it will contribute to your taxable income
or you are doing monthly draw downs, in which case its most likely that 25% of each amount is tax free and 75% is taxable
(both the above are subject to your annual tax free allowance, cognoscente of other income source).
If you still have a remaining pot measure in £ total, then its likely the latter as an annuity is a monthly amount for life. you talk of it not doing that well, so I assume it is indeed the latter.
The 18months or so have been extremely volatile for a whole heap of reasons - china shut downs, energy crisis, ukraine, liz truss, interest rate rises, but you measure stock market / portfolio performance over a number of years.
If you take it all out now and manage it yourself, what makes you think you could do better than a collection of professional fund managers (less fees).
if it is as I think, 75% will be taxable in the tax year you withdraw it, presumably taking you into 40% , rather than using up your annual tax free allowance (and 20% rate depending on amounts) , by dribbling it out monthly.
In summary, daft idea, better off chatting with your FA about what fund choices its in.