Minimising lifetime tax with drawdown

MK62

https://forums.moneysavingexpert.com/discussion/comment/82018997#Comment_82018997

Don't forget that if your pension is uncrystallised (and if you've only taken UFPLS withdrawals, it will be), then £125k is tax free.......leaving £375k exposed to income tax. A ballpark reasonable drawdown from that is probably iro around £25k for 3 years up to SP, and 12.5k post SP (giving you the same real pension income pre and post SP (in today's money).....well inside the BR tax band....though you might want to bridge SP using your ISA or TFC rather than taxable pension.

PS......you haven't mentioned your partner's status, but if it's possible, moving 10% of their personal allowance to you might be a good idea.

handful

https://forums.moneysavingexpert.com/discussion/comment/82018992#Comment_82018992

Not every year no but if investments keep on growing as they have then some large purchases could take me into HR potentially. But yes, I take your point.

handful

Yes, possibly which is part of my thinking! Thank you