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 from 6 April 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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