What is The Difference Between UFPLS and Drawdown

What is The Difference Between UFPLS and Drawdown When It Comes To Your Pension

When withdrawing money from your pension, you have a few options to consider. Two of the most popular choices are Flexi-access drawdowns and Uncrystallized Funds Pension Lump Sum, or UFPLS. While both methods have similarities, they also have distinctions that you should weigh for your needs. It’s important to understand what each one does to …

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How Does an Overdraft Affect A Mortgage Application

How Does an Overdraft Affect A Mortgage Application

When you’re making a property purchase in the UK, the mortgage application process can be nerve-wracking. Lenders are scrutinising your finances and considering many variables, including “what-ifs,” when making an assessment. In this intense environment, how can a simple overdraft affect your application’s chances? Type of Overdraft The short answer is that it depends. In …

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Best Ways to Take Money Abroad

The Four Best Ways to Take Money Abroad For Your Next Holiday

There are many things to consider when traveling internationally. Beyond the broader issues like speaking the language and understanding local customs, you will need to know what form of money you’re going to bring. This is something you don’t need to consider within your own borders, but bringing the wrong currency abroad would stop you …

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