Apply for drawdown by post
How it works
We send an application pack in the post along with all the information you need to complete it. Then you send it back to us when you're ready and we'll:
- Process your application, usually within 5-10 working days from the date we receive it or when any transfers are complete
- Move your holdings into your drawdown account first
- Pay your tax-free cash after this
Understanding drawdown risk
We need to check you understand the drawdown risks by asking you some questions. If you complete these now, we can send your application along with your drawdown illustration and guide straight away.
You, and not someone on your behalf, must complete the 15 risk questions. If you're unsure about any of the risks which apply to your situation, you should seek guidance or advice.
If you choose to skip the risk questions, we'll send them to you in the post along with your illustration and guide. You can then complete them and request an application later.
Your drawdown illustration
The illustration will show you:
- How your withdrawals could affect how long your pension lasts
- What different growth rates could mean for your pension value
- What might be left to pass on to your loved ones
The figures are estimates only, based on assumptions which are explained in the illustration. What actually happens will depend on your withdrawals and how your investments perform. Income isn't guaranteed.
Usually you have to be at least 55 to access your pension (rising to 57 from 2028). If you're younger we can still help you to prepare for retirement, but you won't normally be able to request an illustration or application.
Changing your mind
If this is your first drawdown application with HL, you have 30 days after your money enters your drawdown account to change your mind.
If you want to cancel your application, please send a secure message or write to us at: Hargreaves Lansdown, One College Square South, Anchor Road, Bristol, BS1 5HL
Log in to your account and we'll complete your personal details for you.
Already in drawdown?
If you hold an existing phased drawdown arrangement (where you’ve previously moved part of your SIPP into drawdown) you are unable to request an application pack through our website. Please contact us and we’ll send you everything you need.