Start taking or amend your income from a capped drawdown SIPP

Capped drawdown is only available if you have already moved funds into capped drawdown. Since 6 April 2015, the option to enter capped drawdown has been unavailable to new retirees. 

If you have already moved some or all of your SIPP into capped drawdown, you can start taking a taxable regular income or take a single taxable payment from those funds. You can also amend your existing capped drawdown regular income payments.

To start taking or amend your capped drawdown income:

How can Pension Wise help?

If you have a defined contribution pension scheme and are 50 or over, then you can access free, impartial guidance on your pension options by booking a face to face or telephone appointment with Pension Wise, a service from MoneyHelper

If you are under 50, you can still access free, impartial help and information about your pensions from MoneyHelper

Find out more
Pension Wise and MoneyHelper