Feb 21, 2025 · Put simply: your pension becomes crystallised when you decide to take a tax-free lump sum from it, buy an annuity, or set up a drawdown scheme. A UFPLS is when you take …

Feb 26, 2025 · One of the options available to individuals with money purchase benefits is to take an uncrystallised funds pension lump sum (UFPLS). The individual must usually be over age …

Find out how taking lump sums, also known as, Uncrystallised Funds Pension Lump Sum (UFPLS) from your pension works, the tax treatment and how it's different from your other …

Aug 1, 2024 · An uncrystallised funds pension lump sum (UFPLS) is an authorised lump sum payment made from uncrystallised money purchase funds – there is a 25% tax-free element …

Dec 9, 2024 · Uncrystallised funds pension lump sums (UFPLS) are a way of taking pension benefits from money purchase pensions without going into drawdown or buying a lifetime …

Jun 4, 2024 · UFPLS: It stands for 'uncrystallised funds pension lump sum', which doesn't make things any clearer. It is also, just to make it more confusing, sometimes referred to as …

Apr 6, 2024 · Uncrystallised funds pension lump sums (UFPLS) were introduced by "pension freedoms" and allow pension holders to withdraw some, or all of their uncrystallised funds as a …

Apr 5, 2023 · A UFPLS is a direct withdrawal from your pension pot after you’ve reached the required age (currently 55). With this option, you can either take out your entire pension at …

UFPLS – or Uncrystallised Funds Pension Lump Sum to give it its full name – is a flexible way to take a lump sum from your pension. It might sound confusing – and impossible to pronounce – …

As part of the pension freedom reforms, an additional way was announced, to withdraw pension monies. The official name is uncrystallised funds pension lump sums or abbreviated to …