Lump sum. Why would you?

EdInvestor

Booradley wrote: »

Have Stan. Life PPP Value of fund £50k
Have Stan. Life Retirement annuity contract value 4k
(No idea what this is. It appeared when I attempted to incease my pension plan contributions)

Dunstonh has already explained this on the other thread.Your first plan was the retirement annuity contract.These products ceased to be issued from 1988 so your contributions after that went into the new personal pension which was set up at that time.The RACs could still take regular or annual contributions under the original contract but could not take additional contributions (aka 'new business').Hence the PP.

EdInvestor

Booradley wrote: »

What proportion or does it depend on individuals circs?

http://www.sharingpensions.co.uk/pension_annuity7.htm#text1

PLAs are not taxed on the portion which is capital being returned to you, see comparison above.