Paying platform fees directly from crystallised pot - MPAA?

Just something that's been niggling at me - I currently pay platform/fund management fees for some of my SIPPs by selling units from time to time. Tax efficient and all that.

But if/when I come to crystallise these pensions and take my 25% - would future unit sales to pay fees be treated as taking taxable income that would trigger the MPAA?

Comments

  • FIREDreamer
    FIREDreamer Posts: 318 Forumite
    First Post Name Dropper Photogenic
    artyboy said:
    Just something that's been niggling at me - I currently pay platform/fund management fees for some of my SIPPs by selling units from time to time. Tax efficient and all that.

    But if/when I come to crystallise these pensions and take my 25% - would future unit sales to pay fees be treated as taking taxable income that would trigger the MPAA?
    No.

    Added rhubarb.
  • DavidT67
    DavidT67 Posts: 389 Forumite
    First Anniversary Name Dropper First Post
    No.

    You aren't drawing a taxable income.   A provider is taking their fees.
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