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Can I transfer an uncrystallised pension pot to Penfold after I've withdrawn the tax-free portion from my Penfold pension?
Can I transfer an uncrystallised pension pot to Penfold after I've withdrawn the tax-free portion from my Penfold pension?
Anelle avatar
Written by Anelle
Updated over 4 weeks ago

Yes, you can! However, when you take your 25% tax-free portion from your Penfold pension, we categorise the remaining funds as crystallised within our system. If you then transfer another uncrystallised pension to us, we'll allocate these new funds to your uncrystallised pot.

This distinction allows us to accurately calculate any taxes when you make future withdrawals. In short, we’ll handle the tax calculations for you, so there’s nothing you need to worry about.

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