RETIREMENT TIMETABLE. With effect from 6 April 2015, changes to pensions law gives people greater freedom over how they access their pension savings.

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For example, you might decide to take benefits from half of your pension fund, receive a tax- free pension commencement lump sum, and use the remainder to purchase an annuity.

An alternative to accessing your pension through flexi-access drawdown or uncrystallised funds pension lump sum, is using your SIPP fund to buy a lifetime annuity. You can buy

This can stop a trivial commutation lump sum being paid from a scheme where a member has both a secured pension (scheme pension or lifetime annuity) in payment and

NEW: Lump sums directly from the pension There’s also a new option called Uncrystallised Funds Pension Lump Sum (UFPLS) which allows most investors to draw lump sums directly

Instead of exchanging your pension for a secure income for life (an annuity) or taking lump sums (an uncrystallised funds pension lump sum), drawdown allows you to draw a

A: This is my first source of income since last 6 April and I have not been receiving taxable Jobseeker’s Allowance, Employment and Support Allowance, taxable Incapacity Benefit,

Note: If you wish to nominate a trust to receive the death benefi ts payable from your SIPP, please ensure you provide full details of the trust in the ‘Full name’ section, i.e.