Techniques for getting under LTA

The_Doc

Daniel54 wrote: »

I agree .I could not see any benefit in degrading my DB benefits in priority to my DC pension.Crystallise the DB pensions first and then you know precisely how much of the LTA is left and can then exercise flexibility around when and how much of the DC to crystallise

I am over the LTA and have both DB and DC. My commutation rate is of the order of 36 and if I crystallised everything now, my LTA charge would be around 36K. Given that the last scheme to be crystallised is the one that has to pay the LTA charge, I could take a 1K from my DB pension or a 36K hit from the DC. My personal preference would be take a DB hit of 1K rather than a 36K from my DC.

YMMV.