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Accessing the money in your UK Pension

The standard minimum age to be able to withdraw money from a pension in the UK is age 55 and there is no longer any restrictions on the amount you can withdraw. In this article we are referring to personal and company pensions, not the state pension.

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MES Essentials SIPP MES SIPP

SIPP value

From £35,000
From £50,000

Withdrawals

Full flexi-access drawdown

Payments to overseas bank accounts in over 40 currencies

Full flexi-access drawdown

Payments to overseas bank accounts in over 40 currencies

Investments

Multi currency investments and cash

ETFs & Investment Trusts

Unit Trusts and OEICs (Mutual Funds)

Annual charge

£360

+

0.30% on full balance

Full charges schedule

£435

+

0.35% on balances up to £1m

0.20% on balances over £1m

Full charges schedule

Select the appropriate SIPP