Accessing a SIPP pension..?

atush

penwise wrote: »

Thanks for the quick reply - that helped a lot.

Just one last quick question.

If instead I had had a 400k pot and at the time of accessing it for the first time I had taken the whole 25% tax free and the rest 300k went into the drawdown product
Over the years this 300k grows to for example 400k
Lets say in the intervening years I have also make more personal contributions (e.g. 200k) to a pension and these contributions have grown to 500k.
Am I right in thinking if I take money from the 400k drawdown anything I take is all taxed and if I take money from the 500k in the pension I get 25% of this tax free.

Thanks

You wont get a TFLS from the investment growth, but you can on the new contributions. Even int he same pension, the provider can split it into two pots (if they offer that option).