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Barnett Waddingham
0333 11 11 222

Flexible benefits

From 6 April 2015 new pension benefit options bring greater flexibility over how pension savers can take their pension benefits.

  • Uncrystallised Fund Pension Lump Sum (UFPLS)
  • Flexi-Access Drawdown (FAD)

These options are available through our SIPPs. We have also introduced other changes to improve flexibility – exactly what ‘freedom and choice in pensions’ (in the words of The Chancellor) is all about.

  • two payment dates per month for regular payroll
  • ad hoc payments on demand
  • shorter processing times (to set up or change payments)

Other changes from 6 April 2015 increase the inheritability of defined contribution pensions such as SIPPs, making it easier to pass pensions down the generations in a tax-efficient manner.

Flexible SIPP benefit options
165.1 KB | PDF

This briefing note details the options and flexibilities available with our SIPP

Taxation of Pension Death Benefits
927.4 KB | PDF

A detailed look at the new rules regarding the taxation of pension death benefits

Contact us

If there is anything you do not understand or for further information, please call 0344 443 0100 or email us.

Flexible SIPP
Investor in Customers

Barnett Waddingham’s SIPP and SSAS teams have been awarded a two star ‘outstanding’ rating by independent assessor Investor in Customers.

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Five-star success for SIPP

Stellar rating from Moneyfacts

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