The Lemon Fool

I have a private pension.

If I start to drawdown from the pension pot before I take any tax free allowance can I take that tax free allowance afterwards?

Thank you

AiY

No

Thanks I found the answer

AiY

If you found an answer that isn't "no" then I would be interested!

Isn't the answer to take the tax free cash from part of the pension thereby crystalising that part then taking drawdown from that part leaving the remainder untouched.

If you've already started drawing down then the above is academic.

Laughton wrote:If you've already started drawing down then the above is academic.

Not sure I follow that?

I started drawing down from my Sippdeal eSIPP donkey's years ago, but last month a page on the website I'd never visited revealed an as-yet-uncrystallised part I'd overlooked. Needing some cash just then, I asked for and was given 25% of it tax-free by way of 'pension commencement lump sum'.

TSC

TwmSionCati wrote:

Laughton wrote:If you've already started drawing down then the above is academic.

Not sure I follow that?

I started drawing down from my Sippdeal eSIPP donkey's years ago, but last month a page on the website I'd never visited revealed an as-yet-uncrystallised part I'd overlooked. Needing some cash just then, I asked for and was given 25% of it tax-free by way of 'pension commencement lump sum'.

If you've been adding to your pension since the original crystallisation then the new money has gone into an uncrystallised pot. Either that or you didn't crystallise it all originally.

(The "page on the website I'd never visited" didn't exist until a few weeks ago. See viewtopic.php?f=17&t=30746)

Scott.