Understanding UK Pension Options: UFPLS vs. Flexi-Access Drawdown

Dive into the essentials of UK pension withdrawal methods with our detailed comparison of UFPLS and Flexi-Access Drawdown. Understand which strategy could work best for you, how they differ in terms of tax efficiency, and the financial implications of each option. Whether you're approaching retirement or planning for the future, this video will equip you with the knowledge to unlock your pension smartly and efficiently.

Chapters:
00:00 Intro: Defined Contribution vs. State Pensions
00:35 Tax on Pension Withdrawal
01:13 What is UFPLS
01:37 How an Annuity works
01:59 What is Flexi Access Drawdown
03:24 What are the MPAA rules
03:24 Tax efficiency of Flexi-Access Drawdown
05:23 Drawdown vs. UFPLS: A worked Example
07:45 Conclusion

How you can take your pension: https://www.gov.uk/personal-pensions-...

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