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LTA, death and non crystallised benefits
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If it might exceed the LTA in the future, why not crystalise now when it doesn't? There's no second test against the lifetime allowance from April 2011, so if the total is under then it can grow to an unlimited degree after crystalisation.
Erm, whatever happened to BCE 5A?
http://www.hmrc.gov.uk/manuals/rpsmmanual/RPSM11104645.htm
http://www.hmrc.gov.uk/manuals/rpsmmanual/RPSM11104550.htm
Benefits in drawdown at age 75 are re-tested against the LTA with allowance only for the original amount designated for drawdown (i.e. there's no allowance for any PLCS taken at the same time).
Therefore, if growth exceeds the income drawn (i.e. the drawdown pot is larger at 75 than at the outset), then a LTA charge may be payable.0
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