Uncrystallised Pension Funds Above Lifetime Allowance - Tax Free Lump Sum question

Albermarle

zagfles said:

My understanding is that the pots are treated separately, and if one grows but the other shrinks by the same or more that they don't cancel, so there's a BCE for the growth in the one(s) that grows. Not sure about transferring pots in drawdown but see this thread https://forums.moneysavingexpert.com/discussion/6079468/testing-growth-in-multiple-drawdown-accounts-at-second-lta-test-at-75/p1

Interesting point . In this case you would probably be best to leave each crystallised pot with the current provider and draw income from each one.( to reduce potential admin headaches)
This would probably mean some ongoing issues with HMRC and tax codes etc. and having to live with a provider you would rather move away from.
Another solution could be to combine all pots before crystallisation, but then you have the 'all eggs in one basket' issue.