Unlike other IG accounts, you won’t be able to add or withdraw funds from your SIPP on the IG platform. Instead, you’ll have to complete money movements to and from IG via James Hay. You can do this by contacting James Hay directly on 03455 212 414, or alternatively log in at James Hay Online once your SIPP account has been opened.
SIPPs are subject to the same rules for withdrawals as other pensions, meaning that:
- You can start withdrawing funds at the age of 55
- You can withdraw 25% of your funds immediately as a lump sum, without incurring tax charges*
- You can choose from several options how to take your funds, including an annuity or drawdown
For more information on taking your pension, contact James Hay.
*Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.