Consolidation and TFLS
Posted: June 11th, 2019, 3:09 pm
Hi All,
54, 5 months and counting...
I am now looking at the logistics of collecting my TFLS. My current DC Portfolio is rather spread around:
210K - SIPP - Single Names and some cash (all my choice)
340K - Standard Life - Employer Lifestyle Fund
260K - Fidelity - My choice of funds
12K - Roy Ldn (2 x 6K Pensions)
Do I really have to take out 25% of each? Ideally, I'd like to tax the ~200K TFLS out of Standard Life and transfer the balance, but I don't think that is possible.
I was thinking that if I transfer one of my Roy Ldn pots, then I could cash in the rest as a small pension (under 10K) at 55
Regards
Pheid
54, 5 months and counting...
I am now looking at the logistics of collecting my TFLS. My current DC Portfolio is rather spread around:
210K - SIPP - Single Names and some cash (all my choice)
340K - Standard Life - Employer Lifestyle Fund
260K - Fidelity - My choice of funds
12K - Roy Ldn (2 x 6K Pensions)
Do I really have to take out 25% of each? Ideally, I'd like to tax the ~200K TFLS out of Standard Life and transfer the balance, but I don't think that is possible.
I was thinking that if I transfer one of my Roy Ldn pots, then I could cash in the rest as a small pension (under 10K) at 55
Regards
Pheid