Under UFPLS, you take 25% TF and 75% subject to tax, per each withdrawal.
My questions are:
Upon your first withdrawal this way, is the 25% tax free amount (eg 500k total pot, 125k tax free) rubber stamped at this point? So when you withdraw each time, you can only withdraw up the the 125k tax free in total over all your withdrawals?
Or, as your pot increases, so does your tax free allowance (up to the limit £268k ish)?
That is what I believe, you have to decide how much if any of the 25% to take tax free and that’s then locked in as a one time withdrawal. You can’t keep taking further withdrawals tax free even if under the 25% limit.
Not financial advice 
I’d never thought of doing that but, then again, I won’t be retiring anytime soon, unfortunately.
As you say, the danger is rules change in the interim. I’m way off so it’s futile making firm plans though I do intend to move into dividends as I get closer and actually want to draw income.
I did hear an interesting argument the other day that the personal allowance should be weighted to young people, eg under Xs get £15k, under Ys get £10k, and so on. I have no idea whether it’s got legs but it sounded relatively compelling.
That link above states differently although I thought it was the same as what you said you grt one chance to take 25% but thst link tells you that you csn take multi withdrawals.
Ofc as well like I said there’s the loop hole if you hold many pensions at 10k you can take 25% of each of them and I will say up to a max of 8 pensions for now until I find the correct number.
That’s what I’m going to do live on the bare minimum that was always my plan to love off whatever tax free Allowence we get.
Can you teach me where the £15,700 comes from I’m confused and want to know.
Thanks buddy
It’s £16,759 approx you can take effectively tax free.
£12,570 taxable (but this your personal allowance)
£4,189 tax free.
UFPLS each withdrawal is 25% TF and 75% taxable income.
I get the £12,570 tax free part.
So the £4,189 is part of your 25% tax free part of your pension you can withdraw? Or am I getting confused.
I need to read up on your personal savings etc again as I know you can add all this as one correct?
Google UFPLS, you can transfer your private pension to a provider that offers that if you like, it’s different from Drawdown. With UFPLS you take your 25% tax free as part of each withdrawal, no matter how big the withdrawal is, up to the relevant limits. So in theory you could stay drawing an income tax free, atleast until the state pension throws a spanner, albeit a nice one, into the works 
.
It may not be around though when you or I get to start our pensions, got a wee while as yet myself.
In your example, if you choose to take a lump sum of £25k from your £100k pot, that will be tax free.
Your remaining £75k will be subject to income tax, so if you only drew down up to £12570 a year, that too would be income tax free. Take more than that a year, the bit over £12570 will be taxed at basic rate(20%)
Draw more than £50,740 a year, then tax will be at higher rate, 40% (for the bit over £50,740).
Alternatively, if you don’t choose a lump sum at the start and go for a different drawdown, for each amount you take out, 25% will be tax free, the rest taxable.
Sorry, I can’t remember all the official names for the draw downs. There are other options but these are the two I’ve read about.
FAD - Flexible access drawdown
UFPLS - Uncrystallised Fund Pension Lump Sum.
These are the two most popular options but neither offer guaranteed income, this would take an annuity, which are gaining popularity again as their yields have been increasing over the past year or so.
Also, if you are considering an annuity always remember to check out the enhanced annuity rates. Determined by health and lifestyle, you could get more for your money, always always check!
I’ve moved away from dividend only stocks for a while and been buying growth stocks. After my large loss on Arrival I’ve finally got back above the index line
Hi @axeedwards
Great results, congratulations. Where most of your returns come from? Which companies. I can attribute most of my returns to two companies TSLA and NVDA. I also lost money on Arrival.
Hi. Big returns on TSLA and PLTR. Recently bought into Cleanspark, SOFI and PayPal.
Cracking chart that!! Are you going to let it ride or are you going to bank some profits and consolidate? Kudus to you for staying the course, you appear to have made some good trades with such a high money weighted return compared to the investments.
I did bank some profit from Palantir. Cut my position from 3500 shares to 700. Hope I don’t regret it. I bought Cleanspark 4050 shares and SOFI 1500 shares and Paypal 100 shares. Still got 850 Tesla shares.
This thought crossed my mind recently after reading posts here, looking up my own dividends for the month and finding not a penny.
But I won’t tempt fate by starting a thread focused on unrealised capital gains.
The great thing about income investing is how ‘real’ it feels to see cash regularly landing in your account that nobody can take away.
But it is important to guard against focusing on dividends at the expense of total return.
