PCLS Post 75

Redawg31

Just checking that PCLS paid post 75, is 25% of the fund value at age 75, not 25% of the fund value at crystallisation. We think this is the case in our office, but cant find anything to back it up.

Anyone know for sure!

Thanks in Advance

arongunningham

You can take 25% of whatever the value is after age 75, so long as the person has not exceeded their Lifetime Allowance

benjaminfabi

Here's the PTM page to support Aron's reply.

https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm063230

Note that the scheme has to be able to facilitate the payment post 75 and this isn't a given.

Redawg31

Thanks guys!