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Further pension query

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averageguy11
averageguy11 Posts: 420 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
in Pensions, annuities & retirement planning
I intend in a couple of years to take my tfc and then use the inc drawdown facility thru my sipp and personal pension (contains protected rights)...but its possible after this has happened that i will need to pass over some of the remaining pot to my ex..if its under 18k (may 2009) will she still be able to take the lot in cash (i forget the term for small sums) even though i hav taken the 25% tfc and started inc drawdown


TIA

Comments

  • dunstonh
    dunstonh Posts: 119,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    If you do drawdown, you will not be able to do trivial commutation.

    It's one or the other.
    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.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    averageguy11 wrote: »
    I intend in a couple of years to take my tfc and then use the inc drawdown facility thru my sipp and personal pension (contains protected rights)...but its possible after this has happened that i will need to pass over some of the remaining pot to my ex..



    Will you not have to pass over the money to your ex before taking benefits?
    Trying to keep it simple...;)
  • averageguy11
    averageguy11 Posts: 420 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    No...not necessarily..hence i might hav started drawdown..or at least taken tfc..b4 passing ovr the pp
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