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Posted Fri, 09 Aug 2024 09:45:39 GMT by Tom Mc
Hi - I have 3 questions. 1. I have Fixed Protection 2014. My pension was subject to a sharing order, bringing my total pension below the fixed protection cap. In considering my PCLS, should I use the current balance of my pension or the fixed protection amount? 2. Post PCLS I intend to move abroad and transfer my pension to a QROPS, am I correct that the OTA is linked to my Fixed Protection, i.e. £1.5mn? 3. Does the QROPS OTA apply to the balance of pension pre or post PCLS?
Posted Tue, 13 Aug 2024 22:13:47 GMT by Tom Mc
Hi - can you help with this enquiry please?
Posted Wed, 21 Aug 2024 05:58:24 GMT by HMRC Admin 25
Hi Tom Mc,
Please refer to guidance here:
PTM176410 - Lump sum allowance and lump sum and death benefit allowance: Fixed protection: Overview.
Should this not answer your query, you will need to contact us direct for specific advise  here:
Income Tax: general enquiries
Thank you. 

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