RE: Capital Gains Tax2 Dec 2020 10:53
Mr Brian - depending on how and when you wish to draw cash from SIPP you can start with Uncrystalised Lump Sums. This avoids the upper limit being capped at point of drawdown and all growth above the capp being taxable. Very useful if you plan to carry on growing the SIPP. From each uncrystalised lump sum 25% is tax free and the balance will be taxed at your applicable rate.