SP Bridge Strategy

Storcko14

I have ear-marked a sum in my SIPP as a low risk (largely in STMM) basic expenses bridge to SP pot.  My original thinking was to draw this using UFPLS from the SIPP topped up with some ISA income for tax efficiency.  While pondering this it occurred that my OH has some headroom in her annual allowance so it might be better to take the earmarked sum (which coincidentally is more or less equal to my remaining PCLS) as tax-free cash and reconstruct the bridge in her GIA in short-dated low coupon gilts and ILGs.  This has the additional benefit of removing the need to worry about potential budget changes.  Does anyone see any 'ah buts' with that plan?

SVaz

Has she not got a Sipp?
With P.A. Headroom,  she could also be both paying in and drawing out,
gaining the Tax relief and then could put it into an ISA.
We are two years away from bridging the gap to SP, I already have  enough in STMM,  my Wife is paying almost all her p/t salary into her Sipp and drawing out £5600 UFPLS, which uses her available P.A.   She’s done this for the last 3 years. 

Once she has her full PA,  she will take out the rest of her Sipp tax free over 4/5 years,  it’s going into Cash ISA currently but from  next year will go into an S+S ISA. 

Storcko14

Thanks @SVaz - interesting similarities.  Yeah she does have a SIPP but it's small and with some s/emp hobby earnings & a small DB uses about 50% of the allowance.  It's been getting £2880 for the last 3 years.  

It seemed to me like a low risk way of using my PCLS ahead of the budget but posting here for a sense check.  There's roughly £5k of allowance plus the savings allowance so I figured that would allow a blended yield of about 2.5% hence a mix of STMM and ILGs in a GIA.