"What is needed is proper tax law to make it clearer"
Employment status should only be determined in the ET or EAT. When an individual's employment status is determined, only then should their tax status be determined. For IR35, HMRC have a vested interest in determining that the individual works as an employee. Any such determination should then be used by an individual in the ET.
Well, when the lifetime pension limit was £1.5 million, i read that if the total of a person's pension funds was less than £15000, then the whole fund could be taken in cash, tax free, after 60. So I had assumed with the increase in the lifetime limit, then the cash limit would increase pro rata. So please explain your answer.
My answers
"What is needed is proper tax law to make it clearer"
Employment status should only be determined in the ET or EAT. When an individual's employment status is determined, only then should their tax status be determined. For IR35, HMRC have a vested interest in determining that the individual works as an employee. Any such determination should then be used by an individual in the ET.
Total fund value
@Martin Foley
"But the limit represents the total pots combined, not just individual pots or elements"
yes, this is what I understood to be the case.
Lifetime pension allowance
@ Zebadiah
Well, when the lifetime pension limit was £1.5 million, i read that if the total of a person's pension funds was less than £15000, then the whole fund could be taken in cash, tax free, after 60. So I had assumed with the increase in the lifetime limit, then the cash limit would increase pro rata. So please explain your answer.