Ssas/sipp or divorce!

xylophone

I am no expert but Barnett Waddingham have this to say in their Guide to SSAS which you can download from the internet.

Any member can transfer their assets to another registered
pension scheme or buy an annuity with their share of the
SSAS fund, if they no longer want to be part of a SSAS.
Members aged 55 or over can also choose to withdraw their
whole fund, most or all of which will be subject to income tax.

The SSAS can be wound up once all members’
benefits have been transferred elsewhere or
secured by the purchase of insured annuities.

There are costs involved in closing the trust and reporting its
closure to the various regulatory authorities.

Where can I find out more about HMRC
requirements?
The government issues guidance on pension scheme
administration at:
https://www.gov.uk/business-tax/pension-scheme-administration
HMRC’s ‘Pensions Tax Manual’ provides information for
scheme members, scheme administrators, sponsoring
employers and more technical details.

Clearly before taking any action with regard to your pension you should take expert advice.

Chapter73

xylophone wrote: »

Does your wife have her own pension provision?

What is your (and your wife's) position in regard to state pension?

I am drawing mine, my wife will be in 8 years time. Both “fully funded” as such!

Chapter73

Xylophone, you are well informed, thankyou very much indeed. I have used a search engine but could not find an answer so this is a godsend.
Much Obliged