The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

7IM SIPP Withdrawals

Clients can withdraw money from their 7IM SIPP in a range of different ways to maximise tax efficiency.

Please note that our last payroll date of the tax year is Thursday 01 April.

Uncrystallised pensions

Clients with an uncrystallised 7IM SIPP can crystallise some or all of their pension assets to:

  • Take tax-free cash lump sum only
  • Take tax-free cash lump sum and income
  • Use tailored drawdown to set up regular crystallisation of tax-free cash lump sum / income

For any of these withdrawals please email us a completed Taking Benefits form to by Monday 15 March.

Crystallised pensions

Clients with a crystallised 7IM SIPP can:

  • Take a pension income lump sum
  • Start or amend regular pension income

For any of these withdrawals please email us a completed Income Amendment form to by Monday 15 March.

Further information

Please note that all forms can be signed electronically by your client using a recognised e-signature system such as Docusign or Adobe sign.

  • Please ensure there is sufficient settled cash in the account to cover any income and/or tax-free cash payments. Any sales need to have settled or transfers need to have completed by Monday 15 March.
  • To avoid any potential delay, please send us a copy of your client’s nominated bank statement in case we are unable to verify their bank account electronically.
  • For new income payments, we will assume emergency rate tax code unless you can send us a P45 for the current tax year or a completed HMRC Starter Checklist.

If you have any questions on the above, please contact your usual Platform Services Team or contact our SIPP team at

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