We'll be sorry to see you go but understand plans can change.
If you still have cash or investments in your account, please read the following information first.
You can transfer or withdraw.
If you are under 55
You must transfer your SIPP to another provider.
If you are over 55:
Not in drawdown, you can:
transfer to another provider
drawdown your full balance. To do this you will need to book an appointment with one of our Retirement Consultants.
If you are in drawdown
You can transfer to another provider or withdraw. You can withdraw in your online account.
Please note that if you have already taken your tax-free cash, anything more you take will be taxed as income.
Taking a lump sum will trigger the Money Purchase Annual Allowance, which will reduce how much you're allowed to pay into pensions from £60,000 to £10,000 per year.
If your pension is part in drawdown and part not in drawdown
You can transfer to another provider or withdraw. To withdraw you will need to make an appointment with one of our Retirement Consultants.
If you withdraw all your pension in a lump sum 25% will be tax-free – the other 75% will be taxed. The maximum tax-free cash you can take from all your pensions is £268,275.
You can withdraw or transfer to another provider.
As you are managing the account on the child’s behalf, you can only transfer to another provider. You cannot withdraw money from the account.
The child can withdraw when they are 18 and becomes the account holder.
The purpose of a Junior ISA is to invest for your child’s future. For this reason, HMRC has placed strict withdrawal regulations on this type of account.
Send us a secure message from your account or call us.
How do I sell funds?
How do I make a withdrawal?
Transferring out of Vanguard
To close your account, follow these steps:
Make sure your account balance is zero.
Make sure you cancel any Direct Debits or regular withdrawals
Once your balance is zero and you have no active payments...
Send us a secure message, we'll close your account as soon as possible:
To send us a secure message, log into your account
From the left menu go to Secure messages.
We place your account in ‘closing’ status for 3 months. This is so we can process any pending fees, dividends and allow you to access your documents.
After your account is closed you can still log in. To check your account has been closed go to ‘My Profile’ from the left-hand menu and choose the ‘Product’ tab.
Need more help?
Do you have a Vanguard account?
Getting help in difficult circumstances
Please contact us if you’re having financial difficulties, navigating a difficult time in your life, or if your mental wellbeing is affected. This happens to many in these uncertain times. We’re here to help.
Have a complaint?
Let us know how we can help
Making a complaint