TD SIPP (Self Invested Personal Pension)

  • Save time by controlling all your pensions in one place
  • Monitor your pension when you want, where you want with our mobile apps
  • Take advantage of flexible pension options at retirement

Income Drawdown

The TD SIPP gives you flexibility to decide how and when (from age 55) you want to start drawing your retirement benefits. When considering your options you should first consider whether you need the security of income provided by an annuity. If this is not your main priority, then you could consider Income Drawdown.

With income drawdown you can:

  • Take a tax-free lump sum at retirement
  • Choose the level of income you want to take from your pension
  • Continue to keep your pension fund invested during retirement
  • Take a combination of tax-free cash and income as a one-off payment

If you are considering taking Income Drawdown rather than purchasing an annuity at retirement it is important that you understand the benefits and risks of Income Drawdown.

To find out more read our Retirement Benefits Guide.

Download and complete our Drawdown and Lump Sum Benefits Form.

You need to consider the investment returns that you may be able to achieve and the level of income that you wish to take.

How can Pension Wise help?

Everyone with a Defined Contribution pension scheme is entitled to access free, impartial guidance on their pension options, including a face-to-face or telephone appointment, provided by Pension Wise, a guidance service backed by government

Find out more about Pension Wise. TD talks to Michelle Cracknell CEO Pension Advisory Service.

Receiving Advice on Your Retirement Options

Prior to making any decision about your retirement options we recommend that you seek guidance from Pension Wise or advice from a suitably qualified financial adviser.

Please note that AJ Bell Management and SIPPdeal Trustees Limited are not able to offer advice. TD Direct Investing is also not able to offer advice on your personal retirement options.

Get Started with TD Today?

You’ll be asked to produce a Key Features Illustration before you open a TD SIPP. This gives you important information to help you decide if a TD SIPP is right for you. You’ll be taken to AJ Bell’s site to do this, our partner in providing the TD SIPP.

Apply now

The TD SIPP is aimed at investors who have sufficient knowledge and experience of investing to make their own decisions and want to actively manage their investments. The TD SIPP is not suitable for every investor. Other types of pensions may be more appropriate.

The investments made within a TD SIPP can fall as well as rise and you may end up with a fund at retirement that’s worth less than you invested. You can normally only access the money from age 55 (57 from 2028).

Before you decide if opening or transferring an existing pension plan(s) is right for you, we recommend that you seek the advice of a suitably qualified financial adviser. Please note that AJ Bell Management Limited and SIPPdeal Trustees Limited are not able to offer advice. TD Direct Investing is not able to offer advice on your pension.

Please note the tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in future.

If you are uncertain about the tax treatment of the products you should contact HMRC or seek independent financial advice.

The TD SIPP is administered by AJ Bell Management Limited.  AJ Bell Management Limited is incorporated in England and Wales under registration number 3948391.  Registered Office: Trafford House, Chester Road, Manchester, M32 0RS.  Authorised and regulated by the Financial Conduct Authority (Financial Services Register Firm Reference Number 211468). Sippdeal Trustees Limited is a wholly owned subsidiary of AJ Bell Management Limited, Incoporated in England and Wales under registration number 4050222.  Registered office: Trafford House, Chester Road, Manchester, M32 0RS.  Sippdeal Trustees Limited does not conduct any regulated activities and is, therefore, not regulated.