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LTA Pickle
fcandmp
Posts: 155 Forumite
I would much appreciate your experience re my DC pension arrangements in the run up to my 55th birthday in July. I have have both deferred DB and DC arrangements, as well as an active DC scheme with my current employer. From calculations earlier this year I am already in total over the new LTA max, and aside from any new protection that might come available (I have not protection in place already) I believe taking the maximum tax free lump sum from the DC schemes and then moving the residual funds to a multi-access drawdown product will help reduce likelihood of breaching the current £1.25m LTA. I do not need an income from July, as I plan to work until I am 57. Is my thinking sound, and or is there anything else I should be considering?
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