u/Al_am1

SIPP Withdrawal charges by Freetrade

I tried to ask Freetrade how to withdraw money from SIPP & one of the new bits of information I am hearing is that
There is a 240£ fee for withdrawing
I had not heard of these earlier; I also contacted Investengine where I have an account ; but they dont seem to have these ripping charge
Any other experiences?

Quote
"the withdrawal fee for a Freetrade SIPP is £240 per withdrawal.

  • This applies to each UFPLS (Uncrystallised Funds Pension Lump Sum) payment you take.
  • The £240 is deducted from your pension fund after you submit a valid withdrawal request.
  • There are no other specific SIPP withdrawal fees beyond normal investment-related charges."
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u/Al_am1 — 9 days ago