Small Pots Lump Sum OR Uncrystallised Funds Pension Lump Sum?

NoMore

MySpinningHead said:

Thanks NedS and dunstonh for your further comments.

Under the circumstances, I am also leaning towards the Small Pots option as that seems to be less restrictive, despite no plans for future contributions etc.  The only difference in this case is really the tax upfront, but I'm intrigued into NoMore's comment regarding potentially less admin using UFPLS.

It was more that the administrator may rarely deal with small pots or not even offer it, while UFPLS they all will deal with. As your provider has offered small pots there will be no such problem and as such agree with others small pots is way forward to avoid any restrictions in the future.

xylophone

Your relative has not yet reached SPA?

If not, has a state pension forecast been obtained?

https://www.gov.uk/check-state-pension

MySpinningHead

Thanks for further replies.

xylophone said:

Your relative has not yet reached SPA?

If not, has a state pension forecast been obtained?

https://www.gov.uk/check-state-pension

As mentioned, their only other income is a state pension.