12. How Pensions Work

from the fire place · host Mike and Andy

In this episode we first cover the difference between defined contribution and defined benefit pensions and then we look out the the principles of a defined contribution pension such as a workplace pension or a self-invested personal pension (SIPP) .We discuss how to take advantage of the 25% tax-free portion and explain the difference between flexi-access drawdown (FAD) and uncrystallised funds pension lump sums (UFPLS) and how to use these to access your pension assets.⁠⁠Support the show⁠the fire place community

Episode metadata supplied by the publisher feed · Published May 17, 2026

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12. How Pensions Work

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