The Sunday Times - - PERSONAL FINANCE - Send your ques­tions to Noel Whit­taker noel­ or tweet @Noel­Whit­taker

Q I have an ac­count-based pen­sion from which I re­ceive a monthly pay­ment. I am won­der­ing whether it is more ad­van­ta­geous to nom­i­nate the pay­ment to be made ei­ther ev­ery three months or even six months? This way it would stay in the ac­count longer and ac­cu­mu­late a greater re­turn. A What you say makes sense, un­less you have a fund that is heav­ily bi­ased to­wards shares. If that is the case, a sud­den down­turn may be more harm­ful to you if you had to with­draw six months of pay­ments in one lump sum.

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