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    Home»Investments»Pension Drawdown in the UK
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    Pension Drawdown in the UK

    January 5, 20261 Min Read


    How to set up a drawdown pension with us

    With us, you can access a drawdown pension with our SIPP. This allows you to move some, or all your money into a flexi-access drawdown plan where there’s no limit on the amount of annual income you can take from pension, other than the total value of the fund itself.  

    1. Learn more about drawdown pensions  

    Learn about drawdown pension rules and consider whether it suits your risk tolerance and retirement goals 

    2. Open an account with us  

    Open a share dealing account online and add your SIPP through the My IG Dashboard.  

    3. Set up your SIPP with Options UK and fund your account  

    We’ll activate your SIPP account once you’ve received an invite from Options UK and set up an account on their website. After that, you’re free to transfer or fund your SIPP. 

    4. Choose your investments and review them regularly 

    Choose from a wide range of shares, ETFs, funds and portfolios to invest in 

    5. Contact us directly to request a flexi-access drawdown SIPP 

    Call 0800 195 3100 or send us an email newaccounts.uk@ig.com between 8am and 6pm (UK time) on weekdays to get set up 



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