Uncrystallised
Funds Pension Lump Sum

Taking a lump sum is a flexible method to take money from your pension, allowing you to withdraw your pension in one go or making small withdrawals each year.

UFPLS Taxation

With an Uncrystallised Funds Pension Lump Sum (UFPLS), typically 25% of each withdrawal you make will be tax-free, every time you withdraw a lump sum. The remainder would be taxed as an income.

Your annual allowance, should you take a UFPLS payment, is restricted to £4,000 for money purchase pension schemes, often referred to as the money purchase annual allowance. You are not permitted to pay contributions in respect of unused relief from previous taxation years.

While we encourage flexibility with your pension income, the requirement for clear advice has never been greater. Each new pension freedom often comes with unseen consequences, increasing the risk of decisions being made which could cause financial discomfort in the future. Without sound financial advice, there is the risk your pension pot may not last the full duration of your retirement.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.

Committed to your objectives

Planning your retirement with Cooper Associates Wealth Management puts you in control so that you can be confident about your future pension.

Our financial consultants are hugely experienced in helping people plan a long and happy retirement with the lifestyle they desire. We offer a service that is personal to you, delivering bespoke advice with access to a range of plans to help provide for your retirement.

Book an appointment

Our expert advice is free, simple and tailored to you. Why not book an appointment?

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I have always been impressed with how the team have handled my range of investments. They are very reliable and always give me sound and trustworthy advice based on my specific needs.

Daniel Law, Airline Pilot

Our Locations

Taunton (Head Office)

T. 01823 273 880

40 St. James Buildings,
St. James Street,
Taunton, Somerset TA1 1JR

Bristol

T. 01454 629 610

130 Aztec, Park Avenue,
Aztec West,
Bristol BS32 4UB

Cheltenham

T. 01242 569 853

Honeybourne Place,
Jessop Avenue,
Cheltenham GL50 3SH

Exeter

T. 01392 345 544

Regus Business Centre,
3rd Floor, The Senate,
Southernhay Gardens,
Exeter EX1 1UG

London

T. 0208 042 0310

30 Lombard St,
London,
EC3V 9BQ

Plymouth

T. 01752 746 848

4th Floor, Salt Quay House,
6 North East Quay,
Sutton Harbour,
Plymouth PL4 0HP

Reading

T. 0118 207 9319

1210 Arlington Business Park,
Theale,
Reading RG7 4TY