Article preview: If you have saved in a private pension plan (such as a Personal Pension Plan, Stakeholder Pension Plan or a Self-Invested Personal Pension Plan) and have attained at least age 55, then a UFPLS is something you might consider. UFPLS stands for “Uncrystallised Fund Pension Lump Sum” which is government jargon describing one of the ways that you might take benefits from your plan. Imagine you have saved hard over time and accumulated a pension pot of £100,000. You have decided to start to take the benefits from that plan. While it is called a pension plan, it doesn’t have to be about retirement.
UFPLS – difficult to pronounce, easy to understand
This 506-word blog post explains UFPLS or Uncrystallised Fund Pension Lump Sum, and how it works. Written on 9th December 2019.
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