ReallyVeryFoolish wrote:What isn't clear to me though - Does the "tax clock" reset on inheritance? So the surviving spouse gets to exercise the 25% tax free lump sum and has the freedom that a modern drawdown SIPP offers? I think it does. But I can't really find anywhere that says this is the case.
RVF
There's no PCLS for a successor. There is the possibility of getting an untaxed lump sum if the deceased was under 75. There's a reasonable walk through here - https://www.pruadviser.co.uk/knowledge- ... ributions/