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Flexi Drawdown v UFPLS

Mick70 · 2026-06-16 14:56:16

Afternoon.. If my wife wishes to take £15k pa from her SIPP , does it matter if she uses flexi drawdown or UFPLS ? Is there any major benefit in using one over the other . Our initial thought was that we would use UFPLS for £15kpa (once a year but increasing with rpi), am I right in saying £3750 (25%) tax free element hits…

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TheComputerGuru Posts: 218 Forumite

22 July at 12:32PM

I think the only "true" answer to what constitutes an emergency tax code is …
It depends which part of the gov.uk site you look at.
The bottom line is that the pension company apply the numerical part on a Week1 Month1 basis, which will trigger HMRC to generate a proper code which can be applied on all subsequent withdrawls that tax year.
I operated a payroll scheme for our local community centre for several years and AFAIK the rules have not changed, just the numbers.

Regards Mike
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Flexi Drawdown v UFPLS

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