25% Tax-Free Lump Sum

[neil1957]

Hello,

I am 59. I had a pension through my company of around 140k. With this, I invested half in commercial property through a SIPP with one company, and put the other 70k into an income drawdown account with Hargreaves. I took 25% of the money invested with Hargreaves as a tax free lump sum. So this means I have only had half of my tax free allowance. Now I want to invest in a rental home abroad. Can I have the other 17.5k tax free from the Hargreaves account, or does it have to come from the commercial property SIPP (in which case I would need to liquidate it first ) ?

Thanks and regards, Neil

[LozaACCS]

It has to come from the commercial property SIPP, the vesting at different dates is a benefit crystallisation event on each occasion, there is a test against the lifetime allowance on each occasion, from the information supplied there will not be a LA charge