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SIPP - already using UFPLs - can I now use PCLS
cannonballdaze
Posts: 77 Forumite
Hi, I've taken lump sums (UFPLS) from my SIPP with AJ Bell a few times.
Now considering, if I can, going into PCLS (Pension Commencement Lump Sum) i.e. taking 25% of the current SIPP total tax-free and leaving the 75% in the SIPP which will subject to tax when I withdraw.
Is this legit with HMRC?
Any advice gratefully received. Cheers - Joe
ps AJ Bell didn't seem to understand my question.
Now considering, if I can, going into PCLS (Pension Commencement Lump Sum) i.e. taking 25% of the current SIPP total tax-free and leaving the 75% in the SIPP which will subject to tax when I withdraw.
Is this legit with HMRC?
Any advice gratefully received. Cheers - Joe
ps AJ Bell didn't seem to understand my question.
0
Comments
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You mean Flexi Access Drawdown, that's possibly what has confused AJ Bell, Yes you can switch between UFPLS and FAD as you see fit and have uncrystallised funds.0
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