Paying into a SIPP

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Yes - keep any money in cash inside SIPP wrapper. I don`t know if Virgin are less "complicated" than HL, but there is a process you have to go through, and HL are very helpful. The questions and form filling may seem daunting but it is worthwhile because as a non tax payer the gains are large. Once set up you repeat until 75.  HL have no charges if you keep your SIPP in cash but no interest is paid. If you decide to open an HL SIPP and transfer your Virgin PP to it there is still time. Have you contributed your 20-21 £2880 to Virgin PP? HMRC take about 6 weeks to add the £720 relief. Use each tax year to make a withdrawal because you need to use your annual personal allowance of £12500. We use a UFPLS each year which takes a few weeks to do and you have until 5/4/21 to get it in the 20-21 tax year. I presume by "retirement" you mean when you start your state pension. Once you are in receipt of this you will have less "spare" income to make tax free withdrawals. This is why in the next two years you need to maximise your UFPLS. HL recently informed us that £50 minimum needs to be kept in our SIPPs to avoid closure but I`m not sure if this will apply in your first year - you need to ask.