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25% lump -what happens to the rest?
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Another small issue with personal pensions and SIPPs is that there is a small but worthwhile tax advantage in holding pension assets within a life assurance company contract like a PPP - life assurance companies can reclaim more withholding taxes than other pension trustees, whereas most SIPPs are not arranged as life assurance company policies.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Perhaps we could have more details of this tax advantage? Are you referring to foreign shares/funds?Trying to keep it simple...
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