Skip to main content

beta This is a new service – your feedback will help us to improve it.

PCLS on QROPS / UK Lump Sum Allowance (LSA)

Rob Silk
Posted Thu, 15 Aug 2024 07:46:45 GMT by Rob Silk
Hello. I was under the impression that taking a 25% PCLS withdrawal from a QROPS would not affect the UK Lump Sum Allowance, is this correct? The QROPS trustees appear to be suggesting otherwise. Many thanks in advance
HMRC Admin 5 Response
Posted Wed, 28 Aug 2024 14:10:10 GMT by HMRC Admin 5 Response
Hi 

Please refer to guidance at Tax treatment of QROPS. scroll down to tax on pension payments.

Thank you

You must be signed in to post in this forum.