I have just opted to take the 25% tax free lump sum from the current balance in my SIPP. If I understand correctly this does not (as things stand today) limit my ability to carry on making contributions of £40k per year (I have not yet reached my lifetime allowance).
My question is whether it is then possible to take one or more further 25% tax free lump sums at a future point in time (or even in successive years) if I carry on making payments into the SIPP, but have not made any other drawdowns from the SIPP. I would add that the 25% drawdowns would NOT be used for the purpose of funding the future SIPP contributions, as I know that this is an issue.
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