If you use your savings for a flexible lump sum payment (UFPLS) with us:
- You’d lose this higher entitlement as the maximum PCLS (tax-free cash) amount for a flexible lump sum payment is 25%.
If you use your savings for flexi-access drawdown with us:
- You’d keep your higher tax-free cash entitlement of more than 25% of your pot.
This is a complex subject and we recommend that you discuss your situation with a financial adviser.