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Anthony French
Posted: 13 February 2025 09:50:32(UTC)
#11

Joined: 09/09/2018(UTC)
Posts: 9,137
Geoff Fitz
Posted: a day ago#3

Joined: 21/02/2024
Posts: 72


In ii I have a SIPP and have crystallised and uncrystallised pots, these still exist in my ii SIPP but they are now irrelevant as there is no LTA. They were relevant when there was but this looks unlikely to come back now.

I will be putting the 2 pots together shortly as there is no longer a need for me to keep them separately having taken 25% TFLS.

She can ask for the pots to be amalgamated and then its irrelevant in the first instance taking from the crystallized pot would seem normal as that was what the original intention.

All my withdrawals are from the crystallized pot currently but soon it will all be crystallized.
................................

If you have a dividend stream that u use to fund your pension, only pro rata goes into your uncrystallised pot, which you can build to use for TFLS, if all funds are crystallised you will pay tax at your current rate on all dividends earned.
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John Bleke
Posted: 13 February 2025 10:13:27(UTC)
#13

Joined: 06/03/2023(UTC)
Posts: 246
Why is it irrelevant? If you take out a 25% TFLS than is less than £268,2275 then you are entitled to another 25% TFLS on future contributions and growth on those contributions. So you need to separately monitor crystalised and uncrystalised funds?
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Anthony French
Posted: 13 February 2025 13:41:44(UTC)
#14

Joined: 09/09/2018(UTC)
Posts: 9,137
Leaving aside future contributions, if u have no uncrystallized funds, all future payments will be taxable.
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John Bleke
Posted: 13 February 2025 15:17:38(UTC)
#15

Joined: 06/03/2023(UTC)
Posts: 246
I know that. Would you care to answer my question as you're confusing issues?
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Anthony French
Posted: 13 February 2025 16:00:24(UTC)
#16

Joined: 09/09/2018(UTC)
Posts: 9,137
If u have 100k of uncrystallised funds and withdraw 25k tax free, u have no uncrystallised funds left. and 75k of crystallised funds.
If u have 200k of uncrystallised funds and withdraw 25k tax free, u have 100k of uncrystallised funds and 75k of crystallised funds.
Of course it's horses for courses.
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John Bleke
Posted: 13 February 2025 16:45:39(UTC)
#17

Joined: 06/03/2023(UTC)
Posts: 246
You have hijacked this thread and taken it in a completely different direction than which is relevant for the OP. I don't understand why you have done this.
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1 user thanked John Bleke for this post.
Jay P on 14/02/2025(UTC)
Elspeth Beaton
Posted: 13 February 2025 18:57:23(UTC)
#18

Joined: 11/12/2019(UTC)
Posts: 227

Thanks: 2 times
Was thanked: 904 time(s) in 192 post(s)
I blocked this particular poster .Doing this for me has returned posting threads to normal for me
You could do the same
xxd09
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4 users thanked Elspeth Beaton for this post.
Lesley J on 13/02/2025(UTC), dlp6666 on 14/02/2025(UTC), John Bleke on 14/02/2025(UTC), Jay P on 14/02/2025(UTC)
Geoff Fitz
Posted: 13 February 2025 22:33:14(UTC)
#12

Joined: 21/02/2024(UTC)
Posts: 82

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Was thanked: 119 time(s) in 43 post(s)
Anthony French;334195 wrote:
Geoff Fitz
Posted: a day ago#3

Joined: 21/02/2024
Posts: 72


In ii I have a SIPP and have crystallised and uncrystallised pots, these still exist in my ii SIPP but they are now irrelevant as there is no LTA. They were relevant when there was but this looks unlikely to come back now.

I will be putting the 2 pots together shortly as there is no longer a need for me to keep them separately having taken 25% TFLS.

She can ask for the pots to be amalgamated and then its irrelevant in the first instance taking from the crystallized pot would seem normal as that was what the original intention.

All my withdrawals are from the crystallized pot currently but soon it will all be crystallized.
................................

If you have a dividend stream that u use to fund your pension, only pro rata goes into your uncrystallised pot, which you can build to use for TFLS, if all funds are crystallised you will pay tax at your current rate on all dividends earned.



I've taken the full TFLS thats £268K so it doesn't matter there is no more tax free to be had so combining isnt a problem. Unless you say I have something wrong?
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1 user thanked Geoff Fitz for this post.
Jay P on 13/02/2025(UTC)
Anthony French
Posted: 14 February 2025 08:12:28(UTC)
#19

Joined: 09/09/2018(UTC)
Posts: 9,137
ohn brace
Posted: 2 days ago#1

Joined: 03/02/2012
Posts: 282

could someone please advise my daughter on drawdown from ii SIPP

25% tfls taken
now wants to take small sum from crystallised pot.
ii ask which pot you want to draw from - [it appears there are two pots formed from original Sipp and a small transfer in]
the money for withdrawal is now sitting in cash, but which pot is it in?!
you have to state on withdrawal request which pot you want to draw from.
she has twice asked for help but they just say draw it from where you want to.

Can she just chose whichever pot?

.......................

She needs to request funds either
at the tax free rate ( which will come from her uncrystallized funds/pot) if she has enough funds
or
at the taxable rate (which will come from her crystallized funds/pot
or pro rata
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john brace
Posted: 14 February 2025 14:15:38(UTC)
#20

Joined: 03/02/2012(UTC)
Posts: 284

Thanks: 1924 times
Was thanked: 246 time(s) in 108 post(s)
Daughter has now ordered withdrawal which seems to be going ahead. As BOTH
pots were chrystallised it was simply a question of which pot the cash was in. It seems it doesn't matter
thanks for all helpful comments
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1 user thanked john brace for this post.
Lesley J on 15/02/2025(UTC)
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