Multiple SIPP's?

bottleandahalf

Hi folks
I am just wondering is it possible/ wise to set up multiple SIPP's with different platforms (HL, Bestinvest etc)?
I was thinking of setting these up to take advantage of the small pot rule.
Thanks

OldBeanz

No. There is no longer a small pot rule for DC pensions as they can be taken (all or part) as cash no matter the size.

xylophone

http://forums.moneysavingexpert.com/showthread.php?p=69239015#post69239015

See post 11 re usefulness of small pots in certain circumstances.

bottleandahalf

So you can still have 3 small pots under 10k?

ScottyLP

Yes, and taking them as small pots allows you to keep your full annual allowance. Unlike taking it as a full lump sum which will reduce your aa to £10k.