Does Fidelity's SIPP have a Protected Pension Age of 55?
If you opened a SIPP with us or applied to transfer your pension to us before 4 November 2021 - you'll benefit from the Protected Pension Age of 55. This applies to any transfers or contributions you made to your pension on/before 3 November 2021, as well any future contributions.
If you opened a SIPP with us on or after 4 November 2021 - you won't benefit from a Protected Pension Age and the minimum age that you can access your pension will rise to 57 on 6 April 2028. If you will turn 57 before the age increase, you will not be impacted by this change.
This applies to all past and future contributions to your SIPP. Any transfers (past or future) into this account will be assessed to see if they might benefit from a Protected Pension Age.
If you transferred, or plan to transfer a pension to us, in full that has a Protected Pension Age, this will be retained on transfer. Protection only applies to those transferred funds and these will be separated from your pensions that you can access at 57.
We’re making changes to our systems which will make this clear on your account when you log in.