Phased flexi-access drawdown may be chosen over an UFPLS because the member will have more control over the amount of income tax they pay

EG – Tim is a higher rate taxpayer and requires a lump sum of £10,000. He decides to take this as a PCLS by crystallising £40,000 of his personal pension plan. This provides him with a PCLS of £10,000 to provide the amount he requires and Tim then designates the remaining £30,000 into a flexi-access drawdown fund.

By just taking a PCLS (i.e. not taking a withdrawal from the flexi-access drawdown fund) Tim will not trigger the MPAA (which is only triggered once a withdrawal is made from a flexi-access drawdown fund).