Key things to remember:
You can drawdown your pension if you are 55 or over
You can release 25% of your pension pot tax-free
Your pension will stay invested until you need it
Keep your pension invested and take a flexible income using drawdown. Your retirement could last for many years, so you may want to keep your retirement income options open. One way to do this is to keep your pension invested and take income as and when you need it.
To see how drawdown could benefit you, complete our simple form to get your pension drawdown options. We will also put you in touch with an FCA authorised financial adviser as you need to speak with one before you can access your pension via drawdown. Your financial adviser will then tailor a personal pension drawdown plan to get you the best deal. In addition, you will also receive a free all-you-need-to-know guide to pension drawdown.
A drawdown pension offers you more flexibility than ever before. Unlike an annuity, a drawdown pension does not use predictions to determine your income which means it could also allow your pension fund to go much further.
"Income Drawdown proved to be a more flexible pension option that gave me better access to my pension fund."Maureen Knowles