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Tax Free Cash (UFPLS) Full Withdrawal

What is an entire fund withdrawal from a Uncrystallised Funds Pension Lump Sum (UFPLS)?

You can withdraw a single lump sum from your pension without the need to move the funds into a drawdown plan first. 25% of the fund may be taken tax free with the balance taxed at your marginal rate(s) of income tax.


In order to take advantage of UFPLS there are a number of conditions that need to be met:

  • You must be aged 55 or over or, if younger, meet ill-health conditions.
  • The payment must be payable from your uncrystallised rights held in a money purchase pension.
  • If you are aged under 75, you must have more lifetime allowance remaining than the lump sum required.
  • If aged over 75, you must have some lifetime allowance remaining.
  • If you have primary or enhanced protection with protected tax free cash or a lifetime allowance enhancement factor but the lump sum allowance is less than 25% you can’t take your benefits as a UFPLS.
  • Where scheme specific lump sum protection exists, the right to the higher TFC would have to be given up in order to use UFPLS.

Find out more in our UFPLS – Withdrawal of Entire Fund Guide

Tell me more about a withdrawal of an enitre fund from a UFPLS 

Tax Free Cash Full Withdrawal Invest Southwest

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Independent Pensions & Retirement Planning Advice

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