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UFPLS
Comments
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They have coded my SIPP correctly for the annual UFPLS. You do though have to know which month to make the withdrawal for he coding to deduct the correct amount of tax for the year.0
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In this scenario no need to do anything. Other than to advise the HMRC of your expected income via your Personal Online Tax Account. As the UFPLS will take you marginally into the 40% tax bracket as matters stand in any event. The PA allocation makes little difference.MetaPhysical said:
> I receive £20k annually from DB Pension 1, paid monthly
> I receive £10k annually from DB pension 2, paid monthly
> I want to do a £7.5k UFPLS from my DC pension pot in April in the new FY and then every three months thereafter (30k in the FY year)0
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