Withdrawing from a pension

What is a UFPLS (uncrystallised funds pension lump sum)?

Withdrawing from a pension

An uncrystallised funds pension lump sum is a way of withdrawing a pension income from your pot. You can withdraw the whole pot as a UFPLS or take several pension lump sums, leaving the rest to be reinvested. 25% of the lump sum is tax-free and the rest 75% will be taxed at your marginal rate.

To withdraw an uncrystallised funds pension lump sum requires that the pot is not designated to be withdrawn as an annuity or flexi-access drawdown.

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