SIPP UFPLS Advice

RolloTomasi68

Having just turned 55 I decided to take a small UFPLS payment.
I got taxed around £800 but as I'm retired with not much personal income I have completed this form a form to claim the emergency tax back.

In the mean time my provider Hargreaves Lansdown have sent details of my payment and in the letter stated that I must inform the HMRC within 91 days of all my MPAA providers.

With me already telling the HMRC that I have taken a UFPLS when completing the above form, and the fact I will not be going over the £10k MPAA limit now it has been trigged do I have still email them or send them a letter within this 91 days explaining I've taken my first UFPLS?

The SIPP with HL is the only one I pay into (and take money out of).

Thanks.

Notepad_Phil

...

In the mean time my provider Hargreaves Lansdown have sent details of my payment and in the letter stated that I must inform the HMRC within 91 days of all my MPAA providers.
..

Has your post garbled up the text a bit?

It's been a few years, but when I first took a UFPLS I was told to inform any other pension providers that I was with, but nothing about telling the HMRC. It went on to say that I could be fined by the HMRC if I didn't do this within 91 days, but definitely nothing about having to inform the HMRC itself. So if you've been told to do so, then this would seem to be a new requirement, and worth your while to contact Hargreaves Lansdown to ask for details on how you're supposed to do so.

Marcon

RolloTomasi68 said:

Having just turned 55 I decided to take a small UFPLS payment.
I got taxed around £800 but as I'm retired with not much personal income I have completed this form a form to claim the emergency tax back.

In the mean time my provider Hargreaves Lansdown have sent details of my payment and in the letter stated that I must inform the HMRC within 91 days of all my MPAA providers.

With me already telling the HMRC that I have taken a UFPLS when completing the above form, and the fact I will not be going over the £10k MPAA limit now it has been trigged do I have still email them or send them a letter within this 91 days explaining I've taken my first UFPLS?

The SIPP with HL is the only one I pay into (and take money out of).

Thanks.

You only need to notify other pension providers if you are actually paying in to their DC arrangement - so if your case, there's nobody you need to notify.