I’m considering taking 100% of my SIPP as a lump sum rather than leaving any money in the UK. I am a French tax resident and not considering moving back to the UK.
Blevins Franks tell me I should be able to take the lump sum without paying the punitive UK rates of tax, and I will be taxed at 7.5% plus social charges here in France. However, given that I stand to lose quite a lot of money if I get this wrong, I’d be interested to know if anyone has taken this step and what kinds of difficulties, if any, they encountered.
I’m not interested in QROPs. As a former stockbroker and professional investor, I want control of my own money and no strings attached.