How do I withdraw money from my HL SIPP?
You can normally only access the money within your SIPP from age 55 (57 from 2028). You will have the opportunity to take up to 25% of the pension tax free, and a choice over how you draw the rest, which is taxable.
When you are ready to access your SIPP there are a number of retirement options for you to consider. Please note tax rules change and the value of any benefits depends on individual circumstances.
Please note, the information on our website is not personal advice but we can offer advice if specifically requested. What you do with your pension is an important decision, which could be irreversible. Make sure you understand your options and check they are suitable for your circumstances: take appropriate advice or guidance if you are unsure. The Government's free Pension Wise service can help. It provides impartial guidance face-to-face, online or by phone - more on Pension Wise.
For annuity quotes, drawdown illustrations and help with retirement options please call our helpdesk on 0117 980 9926.