One of the advantages of drawdown is that you have much more flexibility in the income you take. You can change the funds you are invested in, and even change your provider.
If you already have a Fidelity SIPP, you can amend the income you are taking or take a one-off income payment from your income drawdown account using the form below.
Please read the Essential information for retirement income options document before completing the form.
Please note that if you take any taxable cash from your retirement savings, either as a lump sum or regular income under the new flexible pension rules, the total amount you can pay into all of your retirement accounts each year will reduce from £40,000 to £4,000.
To change your funds, just log in to our secure site, and look under the ‘Manage Investments’ tab and you’ll find you can buy, sell and switch funds and other investments quickly and easily. We have a lot to choose from, so you might find these tools helpful.
There are big decisions to make when you opt for drawdown, which is why we find many investors – even some of the most experienced ones – like to get some help.
Decisions about drawdown may seem complicated, but it’s important to get them right as they will affect your future income.
Fidelity's retirement service has retirement specialists who are able to provide both guidance and advice about your retirement needs. The service we offer is based purely on helping you find the most appropriate solution for your personal circumstances. Call us on 0800 368 6882
The government's Pension Wise service offers free, impartial guidance to help you understand your options at retirement. You can access the guidance online at www.pensionwise.gov.uk or over the telephone on 0800 138 3944.
Withdrawing money from your pension through drawdown doesn’t lock the rest of your savings in place. You’re still free to move your pension to a new provider – and if you’re planning to take an income for a decade or two, it really can be worth it.
A lower-cost pension could save you money in the long run. It might also open up more investment options – or simply allow you to change to a company that works harder to meet your needs.
Use our PathFinder planning tool to select a ready-made, diversified fund based on your preferred risk level in just three steps.PathFinder
Choose from a list of top-rated funds hand-picked by our investment experts.Select 50
Explore our full range of investment options to find, filter and select your own combination of investments.Investment Finder
These guidance tools are not a personal recommendation in respect of a particular investment. If you need additional help, please speak to a financial adviser. You should regularly reassess the suitability of your investments to ensure they continue to meet your attitude to risk and investment goals. Withdrawals from a pension product will not be possible until you reach age 55.