UFPLS Help please

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/82188557#Comment_82188557

This explains it well enough.

How the starting rate for savings works - Money Saving Expert

DRS1

Of course if all your savings are in ISAs then you don't need to worry about the starter rate for savings or the personal savings allowance.

moomi

https://forums.moneysavingexpert.com/discussion/comment/82188634#Comment_82188634

They are yes.

kempiejon

@Dazed_and_C0nfused I think you have completely misunderstood the new Pension Tax Allowance. There has been no change to the Personal Allowance.

It's worse than that I don't even know what I've misunderstood. I have over SP age, income less than £13.36.40 no tax, under SP age income over £12570 tax.

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/82188701#Comment_82188701

I don't really understand what you're saying there but would suggest that if you're unclear on anything (even after reading the explainer) then it would probably be worth discussing it in one of the other threads on this subject, as any relevance it had to OP's topic (of planning UFPLS withdrawals from private pensions) is decreasing!

kempiejon

https://forums.moneysavingexpert.com/discussion/comment/82188728#Comment_82188728

Perhaps I'm struggling with saying today; it didn't seem unclear, I'm not bothered enough to look at a special thread. OP is a decade off state pension age and the rules might ebb before relevant but the £13k odd, it can make minimising a total tax payment which seemed implied as part of the ask.