Do I have to move all my funds into income drawdown at the same time?

If you are taking income drawdown from non-protected rights only, you can move all or part of your funds into income drawdown (known as partial drawdown). Further funds may be moved into drawdown later at your written request. We are not able to automatically move funds into drawdown at pre-determined intervals (known as phased drawdown).

It is not possible to take partial drawdown from protected rights. If you choose to move any protected rights into income drawdown all other money in your Vantage SIPP, PMS SIPP and Group SIPP, including non-protected rights, must be converted into drawdown at the same time or transferred to another provider.