SIPP to ISA ?

mcn99

Hi,

Is there any benefit to keeping a large amount in my SIPP, i'm thinking of slowly moving it to ISA

I have exceeded TFLS in my SIPP, wife will probably be close to the limit in 5 years time when she retires

I'm thinking of drawing down up to the basic rate of tax next year, and move that either into the wifes pension or into our ISAs. Until wife retires we dont really need my pension.

Apart from possibly dying before 75, once above TFLS and no longer working is their any advantage to just keeping it in the SIPP, especially with IHT change ?

I have already gifted my TFLS to the kids, but we are well above IHT when pensions are included.

Thanks In Advance

fizio

I asked a similar question last week..

https://forums.moneysavingexpert.com/discussion/6638982/withdraw-from-sipp-to-fund-isa#latest

bjorn_toby_wilde

I’m moving mine to my ISAs before my other DB kicks in and before SPA. That way I can remove as much as possible at basic rate.