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Personal Pension Transfer Rules
M1keWood
Posts: 6 Forumite
I have a private personal pension with a provider. I am over pension age.
I have withdrawn all of the tax free money & reinvested it and have begun to draw down funds this year. I would like to transfer some of the pension fund to another provider.
Are there government rues that prevent a partial pension transfer that is already in drawdown?
I have withdrawn all of the tax free money & reinvested it and have begun to draw down funds this year. I would like to transfer some of the pension fund to another provider.
Are there government rues that prevent a partial pension transfer that is already in drawdown?
0
Comments
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Are there government rues that prevent a partial pension transfer that is already in drawdown?
Regretting the day....?
More seriously
https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm1040000 -
Are there government rues that prevent a partial pension transfer that is already in drawdown?Yes. Partial transfers of crystallised funds is not allowed.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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