Uncrystallised funds pension lump sum
Usually abbreviated to UFPLS, an uncrystallised funds pension lump sum is a way of accessing your pension.
You can take a UFPLS from any part of your pension you haven't accessed (known as your uncrystallised funds) from age 55 (rising to 57 in 2028).
Although you receive one lump sum payment, 25% of each UFPLS is tax-free, and the remaining 75% is subject to income tax.
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