Small Pots

Hi all,

I have an adviser that is looking to use small pots by transferring the clients plans c. £120k to OMW and then taking £30k as a small pot.

It is my understanding that Small Pots is £10k per pot (max 3) and that they must fully drain the arrangement – am I missing something? Are you aware of any loophole with OMW in particular?

Thanks for any help you can give!


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