Can I hold cash in my SIPP?
Yes, you can hold cash in your SIPP while you consider where to invest it. For details of the interest we pay, please see our charges and rates. To learn where your cash is held and how your accounts are kept safe, visit our security centre. Just remember that it's a good idea to think carefully about whether keeping your SIPP in cash could meet your retirement goals.
Not sure where to invest your drawdown pot? One option is to choose one of the four Investment Pathways we offer, each designed to broadly match a particular retirement goal. Find out more about Investment Pathways.
Other companies also offer Investment Pathway funds, and it may be a good idea to shop around before you get started. On the MoneyHelper website, you'll find a handy Investment Pathway comparator: https://www.moneyhelper.org.uk/en/pensions-and-retirement/taking-your-pension/drawdown-investment-pathways . You can also seek advice from an FCA-regulated financial adviser.
As ever, remember that the value of your investments can fall as well as rise. Different investments carry different levels of risk and reward, and you should always conduct your research carefully. We don't offer personalised investment advice.