Adding to a SIPP after retirement and drawdown

dunstonh

In theory all those open for business and offering drawdown should allow it.        The holding of a crystallised fund and an uncrystallised fund is very routine.

Plasticman

@VXman - if you find out how the mechanics for this work I'd be interested to hear.

NoMore

Ok since nobody is doing the obvious, I’ve sent a message to vanguard to find out! 

Albermarle

I believe with some providers, you can only just have one investment portfolio for both crystallised and uncrystallised funds. Then the portfolio will be split X % uncrystallised and X % crystallised.
Others split them so you can have a different portfolio in each.
In either case you should be able to able to add new funds, even when drawing down. Although this might not apply to an older pension, that often are restricted in their flexibility generally.

MazzaMan

I’ve got a pension in drawdown with Interactive Investor and I add £2880 every tax year, why would I have to open a separate SIPP, you’re overthinking this.

sheslookinhot

NoMore said:

Ok since nobody is doing the obvious, I’ve sent a message to vanguard to find out! 

The “obvious” is the OP contacting Vanguard.

NoMore

Well vanguard replied and it’s as expected:

“Thank you for your message. 

You can contribute to your existing pension as normal without the need to create a new account. 

Just bear in mind your actual annual allowance for the year. 

I hope this helps. “