We have updated section 3 in our Terms and Conditions of Business that explains how client money is held and protected under the rules of the Financial Conduct Authority’s Client Assets Sourcebook (CASS). There is no change to the way your money is managed. The update is to provide clearer and more transparent information. View our Current Terms and Conditions of Business

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We have updated section 3 in our Terms and Conditions of Business that explains how client money is held and protected under the rules of the Financial Conduct Authority’s Client Assets Sourcebook (CASS). There is no change to the way your money is managed. The update is to provide clearer and more transparent information. View our Current Terms and Conditions of Business

Category

Pension Income and Benefits

Benefit Crystallisation Events (BCEs) Explained

A Benefit Crystallisation Event (BCE) is an HMRC term used to describe the point at which pension benefits are tested for tax purposes. What is a BCE? A BCE occurs whenever you access or become entitled to pension benefits. Each event tests the value of the benefits being taken against your available tax-free allowances. Although […]

Flexi-Access Drawdown vs Capped Drawdown

When you take income from your Self-Invested Personal Pension (SIPP), you will usually choose a drawdown option, a way of keeping your savings invested while taking income from them. There are two types that members will often hear about: Flexi-Access Drawdown and Capped Drawdown. Flexi-Access Drawdown This is the modern and most common form of […]

What is Pension Commencement Lump Sum (PCLS)?

When you decide to access your pension, including a Self-Invested Personal Pension (SIPP), one of the first things many people think about is taking a tax-free lump sum. In the UK, this is known as a Pension Commencement Lump Sum (PCLS). What is a PCLS? A Pension Commencement Lump Sum is the part of your […]