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He has taken one small pot of exactly £10k and can take two more which will give an extra £5k PCLS and reduces the LTA charge by the same amount. A well known provider, ahem, will create an artificial small pot of exactly £10k to facilitate this.so rhat is just under 1% LTA saved for each small pot taken.
OK that should work since he doesn't have any protections.
If a member has funds in excess of the limit in an existing single arrangement, some of which are then moved into arrangements set up to allow a member to take one, two or three small lump sum payments under Regulation 11A, this will entail the setting up of one or more new arrangements. This could potentially have consequences if the member has valid enhanced protection or any of the fixed protections (i.e. the protection would be lost).
Sadly no protections. In retrospect guilty of paying too much into pensions in the last 5 years. Still, better to have too much pension than too little.