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Fiscal drag and withdrawal strategies
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As I am still working and putting all income including pension income above £50K into an AVC it does look like I'll only be able to get a small chunk out at 20% before fiscal drag hits.
My plan then is to live on the £50K pensions and leave the money in pension pot and wait it out unless I actually need some of it then I'll have to pay 40% tax (I can access 25% of it anyway just by shifting to drawdown account)
It's probably a fair way to increase taxation if you are stymied by your promise to, er, not increase taxation!
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