Income drawdown through Yorsipp's Singular SIPP

Yorsipp's Singular SIPP is a fixed-fee, low-cost solution ideal for:

• consolidating existing pensions into a single, manageable pot
• working seamlessly with Discretionary Fund Managers (DFMs)
• providing a stepping stone to our more advanced Step Up or Full SIPP products when needed, and
• offering off-platform income drawdown

Mrs Murphy, with multiple pension arrangements, needed to consolidate and begin drawing income in a tax-efficient way. With IHT changes being debated, her IFA recommended drawing down income now rather than leaving pension funds intact, balancing tax implications with lifestyle needs.

Our solution: Using the Singular SIPP, Mrs Murphy consolidated her pensions and accessed flexible income drawdown entirely off-platform. The structure allowed efficient management via her existing DFM.

While Yorsipp is a Whole of Market SIPP provider, in this instance we collaborated closely with Stewart Littlejohn at Charles Stanley utilising their Tailored Income Management product to ensure a tailored solution for both adviser and member. The result? A clear income strategy, streamlined administration, and future flexibility, without unnecessary cost.