What charges will I pay for taking my pension?
It depends on how you choose to take income from your SIPP:
|Charge (VAT is payable in addition)|
|Accessing your pension by flexi-access drawdown or pension lump sums||No charge|
|Purchase an annuity||£150|
|Payment of benefits on death or if your pension is to be split/shared as part of a divorce||Time/cost basis. Minimum charge expected to be £250|
|Additional charge for transferring in a pension to your SIPP and then transferring your SIPP to another provider or closing it within 12 months||£295|
Take a look at our charges and rates page for more information.