Parmenion has added four withdrawal options to its in-house self-invested personal pension (SIPP) offering, including uncrystallised lump sum (UFPLS).
Pension commencement lump sum (PCLS), ‘taxable income only' and ‘PCLS plus taxable income' will also be available as ‘drop-down' options from the investment solutions provider from 7 April. The Parmenion SIPP wrapper carries no additional charges, including within drawdown, beyond its standard portfolio fees. Monday 6 April heralded the beginning of pensions ‘freedom', liberties afforded to the over-55s to withdraw and spend their retirement savings as they see fit, subject to tax. The changes were announced by Chancellor George Osborne during Budget 2014. Last month, Parmenion ann...
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