If you've recently opened your SIPP, you have a 30-day cancellation period. This period begins from the day that you have successfully funded your SIPP account.
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If you wish to cancel your SIPP within the 30-day cancellation period, please contact us. We will check whether your request is within the cancellation window and explain the next steps.
What happens if you cancel within the 30-day period?
- We will sell any investments to cash.
- We will not refund any applicable charges.
- You may receive less than your initial contribution if the market value of your investments has fallen.
- If your investments made a profit during this period, it will be retained by Trading 212.
- HMRC will cancel and recover any tax relief.
What are my SIPP Transfer Cancellation Rights?
You have the option to cancel your pension transfer within 30 days from the date we received the transfer payment from your previous pension provider.
What happens after you request a cancellation?Â
We will check if your request was made within the 30-day period and reach out to your previous provider to confirm if they can accept the return of your pension.