SIPP accounts are now live and are being gradually rolled out to clients on the waitlist. Eligible UK-resident clients of Trading 212 UK Ltd will be notified when access becomes available to them.
From 6 April 2024, there's a new limit on the total amount of tax-free cash you can take from all your pensions during your lifetime. This is called the Lump Sum Allowance (LSA), and for most people, it's set at £268,275.
📄 Note
Any amount you take above your available LSA will be treated as taxable income.