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  5. UFPLS and R24
  6. UFPLS and R24

Our platform

UFPLS: Offering more flexibility for your clients

We’ve listened to your feedback and as part of our ongoing investment in Nucleus Wrap, we can now offer uncrystallised funds pension lump sum (UFPLS) for your clients.

Platform release 19

What is UFPLS?

UFPLS is a way for clients to take benefits from their pension. It allows your clients to withdraw some, or all of their uncrystallised funds as a lump sum directly from their accumulation account.

This will reduce delays in clients receiving their funds as they will be paid from the accumulation account as a single payment made up of tax free cash and taxable lump sum directly to their bank account.

What are the benefits?

  • Straight through process. No paperwork, saving time and effort
  • 25% tax free cash and taxable income as one single payment from accumulation account
  • No drawdown account required
  • Single or regular instruction 
  • Suspend, changes amounts or payment dates

Key points to remember

  • UFPLS will trigger the money purchase annual allowance, currently £10,000 a year
  • Clients need to be at least age 55 (or meet ill-health conditions) to qualify
  • Emergency tax might apply on first payment
  • Clients need to have some unused lump sum allowance and lump sum and death benefit allowance

How to instruct UFPLS for your client

Read our step-by-step guide

Our handy user guide gives you a step-by-step guide on how to get started. This can also be found in the platform library.

> Download 'How to request UFPLS from a Nucleus Pension' now


Watch the UFPLS demo video

Our demo video shows you how to key on an UFPLS instruction on the platform.



For any questions on using UFPLS, please contact our Client Relations Team on 0131 226 9535 or via JIRA messaging.

What else was included in the R24 release?

UFPLS was launched as part of our latest release, R24. These releases allow us to make regular improvements to the platform based on your feedback.
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Making it easier to reset your Nucleus Go password
What does this mean?

We’ve improved the client password reset email to make it clearer it's from us and there's limited time to use their temporary password. 

This will make it quicker for clients to be able to access their Go accounts again.
Protecting your client's pension benefits
What does this mean?

If there's not enough cash in a client's account to cover their pension payment, some accounts were set to sell down the highest value asset, balance or class first.

These withdrawal options have been removed. Clients who had this option have now been changed to pro-rata. 

This helps to ensure your client’s pension benefits are not eroded.