Your SIPP can be transferred into another plan if desired. Similarly, different types of pension schemes, such as Defined Benefit plans can be transferred in to your SIPP. If you have lived abroad and hold a (Q)ROPS, this can also be transferred into a SIPP if and when you decide to return to the UK.
The Lifetime Allowance is the maximum value of your pensions before a 25% tax is imposed by UK tax authorities. At present this tax is levied on the excess over £1m when benefits are crystallised.
Individuals can now draw down their retirement funds under flexible access rules at whatever level of income required. A combination of income and PCLS can be opted for; it is important therefore to ensure that you are fully aware of the tax consequences in your country of residence before doing so.