Drawdown

Make top up payments online

You can submit online applications for additional payments to customers with existing SIPP and AMPP plans. Your client's details will be pre-populated using their existing plan number, saving you time.

Why choose us for Drawdown?

We’re the largest drawdown provider in the market with the financial strength and scale, operational capability, functionality and flexibility:

£54bn total platform Assets under Administration (AUA) (figures correct as at 31 Dec 2017)

Full suite of drawdown flexibility available through our Wrap and standalone SIPP products - flexi-access, capped or UFPLS. Take tax-free income in full phased or our innovative automated drip-feed* feature to maximise tax efficiency or death benefits. *Drip-feed automation available on insured funds only.

Tailored drawdown option, supporting effective tax planning

Flexible adviser charging

Dedicated UK based servicing teams

Fast payments processing - tax-free lump sum payments; ad hoc payments and changes to income levels within five working days.

Flexible payments - choice of day of month and frequency. Increase, reduce, stop or start at any time.

Online quotes and applications available for new business

Online access to client drawdown details

Full suite of death benefits available – beneficiary drawdown, annuity or lump sum.

Eligibility

  • The pension fund must be at least £10,000 for Wrap SIPP and £30,000 for Active Money SIPP.  The FCA recommends a minimum of £100,000 so other sources of income should be considered.
  • Applicants must be UK residents
  • The minimum age before any benefits can be taken is normally 55 – there is no upper age limit.