Lifetime Allowance Planning

Malthusian

kuratowski said:

Yes but there's nothing to stop you from crystallising one part of a pot today, and then another part later on, so it could be a one-off event that occurs several times.  The same £ will never be hit with a lifetime allowance charge twice, although as lisyloo says, the growth on those undrawn £ will potentially be subject to another charge at age 75.

It is actually possible for the same £ to be hit with a lifetime allowance charge multiple times if you transfer it from a UK pension to a QROPS and back again and repeat. So not quite "never", just for all practical purposes.

kuratowski

"Never?  Well, hardly ever..."

LadyGnome

This is all incredibly helpful.  I am not fundamentally opposed to paying a fair amount of tax but I don't want to hand it to HMRC on a plate if I can legitimately avoid doing so.  

Albermarle

LadyGnome said:

This is all incredibly helpful.  I am not fundamentally opposed to paying a fair amount of tax but I don't want to hand it to HMRC on a plate if I can legitimately avoid doing so.  

That is the best way to look at in my opinion.
Sensible to take some measures to reduce the potential impact , but not to base your whole strategy around avoiding paying any LTA charges.