Can I withdraw cash from my SIPP at any time?
Answer
You can't usually access the money in your SIPP account until the minimum retirement age of 55. This will rise to 57 in 2028. After that, it will rise in line with the state pension age while staying 10 years below it.
For example, if the state pension age rises to 68, the minimum retirement age to withdraw from your SIPP will be 58.
If you’ve turned 55 and are looking to access your pension for the first time, you can learn more about your options at retirement.
If you’re unsure if a SIPP is right for you, you should speak to a financial adviser. The government's Pension Wise service also offers free, impartial guidance to help you understand retirement options.
Read more about SIPP withdrawals and accessing your pension.