Moneymakeover Mid 40s and struggling to understand my pensions and what they will look like in the future as I have a mix of pensions

[ClubMan]

Even if didn't reach that amount, there is scope to take an amount tax free and an additional lump sum at 20%, depending on final pot size. Which, depending on different factor, might be of use to the OP.

Yes, but I was dealing with this specific case:

The only way that one can tax a lump sum of €200K @ 0% + €300K @ 20% = €440K is if the pension pot is €2M+.

@Fortune clarified that there is another way that this is possible.

You could do it with a fund of €500k if your salary was €333k and your service to NRA was 20 years.

A lump sum of more than €200K can be taken if the pension pot is more than €800K in the form of €200K @ 0% + the excess over €200K (up to €500K) @ 20%.

The final salary method that @Fortune mentions allows this in other circumstances too.

 

[TRS30]

Yes, but I was dealing with this specific case:

So was I.

@Fortune clarified that there is another way that this is possible.

Agreed however the OP clarified their salary would never be in the range.