How to Drawdown your pension

Modified on Fri, 20 Jun at 10:20 AM

Please note that you must have received financial advice in order to draw any benefits directly from your Digital Group SIPP account.

If you have received financial advice:

Please confirm this with us, and we will provide you with the necessary documents to begin the benefit payment process.

You will need to provide the following details:

Your financial adviser’s details, including individual FCA number
Any other pension benefits you have already taken
Any historic pension protection you may have in place
The specific benefits you wish to draw from your Digi account
Your bank account details, for receipt of any payment benefits

Additionally, we are required to verify your identity before any payments can be made.
You will need to provide copies of two forms of ID (e.g., passport, driving licence, utility bill).

If you have not received financial advice:

In this case, you will need to transfer your account to an alternative provider who allows benefits to be drawn on a non-advised basis.

You may choose to:

Make a full transfer of your account, in order to draw benefits from the whole fund.

Make a partial transfer if you only wish to access part of your fund, or want to continue contributing to your Digi SIPP account, while accessing part of your benefits elsewhere.

Please let us know if you would like to proceed, or if you have any questions—we’re here to help email us on Gsipp@digitalwealthsystems.co.uk