SeniorSam wrote: »
The two downsides I see are the fact that once I have crystallised and taken the TFC of £75k, that amount is then within my estate and would add to my IHT liability. Also the remaining 'pot' would be subject to 55% tax if taken as a lump sum, although I have indicated to my long term wife (50 years), that she would be better off with taking a pension.
Leaving crystallisation a little longer means that the total pension fund could be paid without tax if I die before 75.
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