P S
-
RE: Tax free lump sum on multiple pensions
Thank you for this Link but I cannot find any answers covering my question within that page or the other pages that it refers to. -
Tax free lump sum on multiple pensions
I have four pensions and LTA protection at 1.25m. Three of them are providing me income. I took 65k lump sum from just one of them. I have a fourth pension pot of c. 500k. Can I take 25% tax free lump sum from the 4th pot up to the LTA limit minus 65k i.e. 312k-65k = 247k or am I limited to 25% of the 500k I.e. £125k.