Pines12345

I have two SIPP pensions. I have already received an NT code for my first pension (as I am living overseas and have started drawdowns). If I move my second pension into the first pension, will the NT code apply to the new funds as well? The current wait times for NT applications with the HMRC ismore than 6 months, so merging in other pensions to one that has gone through the process could be much faster. Thank you.

Hi I will be applying for an NT code in relation to my UK pension. I have been tax resident in a zero tax country for almost 10 years. When an individual has received an NT code in relation to a pension, assuming their residence circumstances doesn’t change: - is there any limit on the size of a single pension drawdown that can be drawn down tax free based on the NT code? Eg could I do a single drawdown for more than GBP1M with the NT code being applied? - secondly, how long is the NT code valid for future pension drawdowns? Eg one year, two years, any limit? (Assuming no change in tax residence status) (Based on the tax treaty my pension would not be taxable in the UK)