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Drawdown - finer points.

Veloflyer · 2025-11-13 10:54:15

Morning All I have SIPPs in both HL and Bell and in the near future I am contemplating drawdown. Initially this will be with a view to take the lump sum only, but will morph into drawing an income from the crystallized portion. A couple of Qs if I may Is this fairly simple to set up and manage the drawdown aspect of a SIPP…

Comments

badger09 Posts: 11,740 Forumite

18 November at 11:01PM

SVaz said:

They just move over to a drawdown account as existing funds, as you say - as long as you have enough in cash for tfls and fees then that’s all you need.
You can still contribute to the Sipp account and either leave in cash/STMM or invest it.

Thanks.
Moving in specie reduces trading costs & I know what I’m going to sell. No more contributions though @ 75.

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