Member Benefits

Benefits from age 75

You can continue to take income drawdown from your SIPP when you reach age 75. However, it will be in the form of alternatively secured pension rather than unsecured pension.

The maximum pension that you can draw as alternatively secured pension is 90% of the relevant Government Actuary Department rate applied to the value of your SIPP. The minimum is 65%. You can take any level of pension between the minimum and maximum amount and can change the level you receive at any time.

We are required to recalculate your maximum and minimum pension every year.