Decisions to be made

BJL55

I think you meant that you will crystallise £208k to get a tax free lump sum of £52k and place £156k into flexi-access drawdown as well as leaving £312k uncrystallised.

That's is precisely what I meant :-)

What I'm trying to get my head round is if I take say another £15K lump from the uncrystallised fund, would I then be placing another £45K into the flexi-access drawdown?

jamesd

Yes, you would. And that's entirely fine: consider that I intend to take the tax free lump sum soon and as soon as I can from the whole of my smaller pots. In my case that's to improve my investing options and protect from the lifetime allowance.

BJL55

Thanks again Jamesd.

A couple of clarifications will help my understanding.

I assume I can still add investments to the £312K uncrystallised fund?

When taking the £15K lump from the £312K fund does the corresponding £45K that will be crystallised create another seperate fund?

jamesd

Yes, an uncrystallised fund has all of the usual contribution and investment options.

Usually any new crystallised money is added to the exiting crystallised lump, if it's still with the same firm.