16. Taking Income from a SIPP

<p>This episode is a follow-up to episode #12 where we discussed How Pensions Work. This time we look at the practicalities of drawing down an income from a self-invested personal pension (SIPP).</p><p>The SIPP has been chosen for simplicity although many occupation defined contribution pensions will behave in a very similar way. We again cover the difference between flexi-access drawdown (FAD) and uncrystallised funds pension lump sums (UFPLS) and how these relate to the 25% tax-free allowance.</p><p>[Correction: the podcast mentions Origo as a provider or back-end software for investment platforms. They do provide transfer services between pension platforms but the actual backend software provider for Vanguard and Interactive Investor is FNZ.]</p><p><br></p><p><a href="https://buymeacoffee.com/thefireplace" target="_blank" rel="ugc noopener noreferrer">⁠⁠<strong>Support the show</strong></a><a href="http://www.thefireplace.info/" target="_blank" rel="ugc noopener noreferrer">⁠</a></p><p><br></p><p><a href="http://www.thefireplace.info/" target="_blank" rel="ugc noopener noreferrer"><strong>the fire place community</strong></a></p><p><br></p>