Income Drawdown Payroll dates (Including Regular Tax Free Cash)

We process income and regular tax free cash payments on a weekly payroll, with payment dates on the 7th, 14th, 21st and 28th of each month.

These payroll dates apply to:

• Regular Tax Free Cash (PCLS)
• One off income payments
• Regular income payments
• One off UFPLS payments (Uncrystallised Funds Pension Lump Sum)

These payments must be submitted via the portal. 

Payroll dates will be available for selection up to 7 days prior to the payment date. 

Where disinvestment is required to fund a payment, assets will be sold as necessary. We will honor the selected payment date, even if sufficient cash is not held within the SIPP on that date.

Additional information

• Single Tax Free Cash (PCLS) payment timescales
  Please refer to the following Knowledge Base article:
  Tax Free Cash (PCLS) payment timeframes : Knowledge base
• First income payment following a transfer in
  Please refer to the following Knowledge Base article:
  Income Payment Dates After Transfer Acceptance into the SIPP : Knowledge base