RE: No junior miner on AIM8 Sep 2020 18:57
Wolster - my understanding is that the tax charge on a pot over £1m kicks in when you finally go into pension draw down. I'm sure I've seen it mentioned elsewhere that you can legitimately bring the "pot" down by taking your 25% tax free sum and then allow the remaining balance to increase accordingly.
eg if pot valued £1m, take £250k tax free and then the remaining pot of £750k is that which would be compared to the life time allowance of £1m.
Just my limited understanding, not formal advice!!