InvestEngine SIPPs do not lock clients into any term. Clients have the ability to withdraw their funds, however there may be tax implications for certain withdrawals.
Clients must consider the access age of SIPPs, which currently is 55 years of age, and also the flexibility of being to access draw downs from their SIPPs. While a SIPP does offers flexibility, it is designed primarily for retirement savings, so early withdrawals may not be in your best interest, and there may be penalties or tax consequences for doing so.
Clients can seek advice from a financial advisor or tax professional to make sure they make the best decision regarding their SIPP.
InvestEngine does not offer tax or Investment advisory services. All clients are reminded to do their own due diligence or seek financial advice before making any investments with us.