Income flexibility, IHT planning and smart consolidation — all in one SIPP
As the conversation around Inheritance Tax continues to evolve, people are reviewing how pensions fit into their long-term financial planning. With potential IHT rule changes on the horizon, now is a critical time to consider how drawing income from pensions might make financial sense for your clients.
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
Case Study: Income drawdown through Yorsipp's Singular SIPP
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.
