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If you’ve made a decision and would like to take your savings as single lump sum, or a series of lump sums, the first thing you’ll need to do is compare your options and make a decision on which is right for you.
These payments are known as Uncrystallised Funds Pension Lump Sum, or ‘UFPLS’. They are a single payment, or a series of single payments, made up of 25% tax free cash and 75% income, which is taxed at your marginal rate.
If you want to take your pension as cash lump sums, please complete the Drawdown Form (available on request), confirming your decision in section 7, and then returning it to us at the postal address below. On receipt of the form we will process payment of your benefits.
Address:
Embark Platform
PO Box 24065
1 Tanfield
Edinburgh
EH3 1EY
If you have any queries please contact us by telephone or e-mail
Email: service@embarkplatform.com
Customer Services Team: 0330 024 2345
You can access your account online at anytime.