increasing drawdown amount

hazelh

I am planning to increase the amount I already have in drawdown after April.
Does anyone actually know - do you simply have to contact your sipp provider to inform them or is there more to it than that.
I have seen on here that if you are already in drawdown the advice requirement is not relevant.
I understand the tax implications already.

zagfles

There's no advice "requirement", there's a guidance guarantee but the customer doesn't have to use it.

You'll have to ask the SIPP provider - you'll be switching from capped drawdown to flexi-access drawdown so there might be different charges etc, I don't think any providers have announced their charges yet.