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At what age can I withdraw from my SIPP?

From age 55 you may start drawing benefits from your SIPP. You will be entitled to a maximum tax-free lump sum of 25% of the fund and the remaining fund will be used to provide you with regular income throughout your retirement.

Any pension income will be taxed. Until Liberty are advised of your tax code, your income will be paid less basic rate tax and the tax will be passed on to HMRC. Thereafter we will adjust your pension in line with the tax code we are given.

In some circumstances you may take your pension before attaining this age, for example if you had been in a profession where you would be expected to retire well before the minimum retirement age or on the grounds of ill health or incapacity.

Please note the value of investments, and any income from them can go down as well as up and you may not get back your original investment. We do not offer advice about the suitability of our products or any investments held within them. Should you require financial advice you should consult a suitably qualified financial adviser

 

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