SIPPS EXPLAINED.

Taking money from your pension

Once you reach the age of 55 you can start taking an income from your SIPP, or you can choose to keep your money invested and continue to contribute to your pension pot. If you need to take an income or need access to the money in your pension, you can choose any, or a combination, of the below options.

Transferring to us

If you’d like to switch your pension to the Halifax there are a number of things you’ll need to consider before starting the transfer.

Tax relief

More detail on how you can benefit from tax relief.

Useful forms

Find all our SIPP forms here and what you’ll need them for.

Additional Contribution Form

You will need to complete this form to contribute either a lump sum or start a regular contribution. If this is your first contribution then you will also need to complete a Direct Debit Instruction.

Download form

Benefits forms and Benefits Guide

You will need these forms when you want to withdraw money from your SIPP, we have also created a guide to help you along the way.

Carry Forward Guide

Carry forward may allow you to contribute more than the annual allowance without incurring tax charges. Through carry forward, contributions that exceed the annual allowance in one tax year can use up any unused annual allowance from the previous three tax years, using the earliest tax year first.

Download guide

Direct Debit Instruction

If you want to contribute a lump sum or start a regular contribution, you’ll need to complete a Direct Debit Instruction form.

Download form

Expression of Wishes form

One of the benefits offered by your pension is the ability for the funds held in your SIPP to be passed on to others after your death. Your expression of wishes helps us to decide who you would like to pass those funds on to after your death.

Download form

Understanding the risks

The main aim of any pension scheme is to provide you with an income during retirement. There are three areas in which your decisions will affect the benefits you are able to receive from your SIPP.


Want to apply for a SIPP?

Find out more and apply


AJ Bell Management Limited is the Scheme Administrator of the Halifax Share Dealing SIPP. AJ Bell Management Limited is registered in England No. 3948391. Registered Office: AJ Bell Management Limited, Building 4, Exchange Quay, Salford Quays, Manchester, M5 3EE.

Authorised and regulated by the Financial Conduct Authority and on the FCA register under FCA registration number 211468. Sippdeal Trustees Limited is a wholly owned subsidiary of AJ Bell Management Limited, registered in England No. 4050222. Registered Office: AJ Bell Management Limited, Building 4, Exchange Quay, Salford Quays, Manchester, M5 3EE. Sippdeal Trustees Limited does not conduct any regulated activities, and is, therefore, not regulated.

Dealing and stock broking administration services are provided by Halifax Share Dealing Limited. Registered in England and Wales no. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.