The reason that a member might choose UFPLS rather than FAD is simply down to availability of the option – if the member’s defined contribution scheme offers UFPLS but not FAD, they may be better off phasing using UFPLS rather than having to transfer to another plan (and incur the related costs and hassle) to access FAD. This allows the member to manage their income tax affairs better. ApMinister for Foreign Affairs Gen Jeje Odongo 246 VIEWS The Minister of Foreign Affairs, Honourable Abubaker Jeje Odongo, has reiterated Uganda’s commitment towards the phased drawdown of troops serving under the African Union Transition Mission in Somalia by December 2024. See details at foot of page.asing has the advantage that the potentially taxable income element taken can be varied and perhaps even left untouched once benefit crystallisation has occurred. By taking maximum income, less of the fund needs to be crystallise. The maximum income allowed will inevitably be higher for flexi-access drawdown than it will be for capped drawdown, as the whole of the crystallised element can be withdrawn. The balance is provided by taking the maximum income allowed from the drawdown pension fund. You should check youre making the right decision for your circumstances. Again, part of this income will be provided by the PCLS generated each time new benefits are crystallised. Calculate Important information: What you do with your pension is an important decision that you may not be able to change. As with phased annuity purchase the aim of a phased drawdown pension strategy is to provide a target level of income after tax.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |