Your SIPP Fund at Retirement
“buys” income (either Income
Drawdown or Annuity)

 

Once any tax-free lump sum entitlement has been taken (up to a maximum of 25%) the balance of the fund is used to buy an income.

This can either be Income Drawdown or an Annuity purchase or a combination thereof. When you purchase an annuity you will have the open market option and so you can choose from where to purchase the annuity.

For more information about SIPPs, please click one of the links to the left or alternatively, click here to Contact Us with any queries.