Can I withdraw cash from my SIPP at any time?
No, you can’t normally access the money in your SIPP until age 55. The minimum retirement age will rise to 57 in 2028. After that, it will rise in line with the state pension age – staying 10 years below it. So if the state pension age rises to 68, the minimum retirement age will be 58.
If you’ve turned 55 and are looking to access your pension for the first time, you can learn more about your choices by visiting our options at retirement page.
If you’ve already started accessing your pension, log in and click ‘Access my pension’ from the ‘My account’ menu.
The government's Pension Wise service also offers free, impartial guidance to help you understand the options at retirement. You can access it online at pensionwise.gov.uk or by telephone on either 0800 138 3944, or +44 20 3733 3495 if you live outside the UK, between 8am – 8pm, Monday to Friday.
If you are unsure if a SIPP is right for you, you should speak to a financial adviser.