Pension Drawdown — Keep Your Pension Invested and Take a Flexible Income
Flexi-access Drawdown lets you take a tax-free lump sum and a flexible income directly from your pension, while the rest stays invested with the potential to keep growing. It’s one of the most popular ways people access their pension today — but it isn’t right for everyone, which is why our advice on Drawdown is given on a fully advised basis. Simply complete your details below and one of our advisers will call you to talk through whether Drawdown suits your circumstances.
✔ Flexible income — take as much or as little as you need, when you need it
✔ Take up to 25% tax-free as a lump sum
✔ Stay invested — your remaining fund has the potential to keep growing
✔ Fully advised service — a qualified adviser guides you through your options
✔ Free initial consultation — no obligation to proceed
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What Is Pension Drawdown?
Pension Drawdown allows you to access your pension pot without buying an annuity. You can usually take up to 25% of your fund tax-free, then draw a flexible income directly from the remaining invested fund as and when you need it. Since the 2015 pension freedoms, most new Drawdown plans use Flexi-access Drawdown, which removed the income limits that previously applied under the older Capped Drawdown rules. If you already hold a Capped Drawdown plan set up before April 2015, different rules may still apply to you, and our advisers can talk you through your specific situation.
Is Drawdown Right for You?
Drawdown offers valuable flexibility, letting you control your income, keep your fund invested, and pass on any remaining pension to your beneficiaries. However, your fund remains exposed to investment risk, meaning its value can fall as well as rise, and withdrawing too much too soon could mean your money doesn’t last as long as you need it to. Drawdown isn’t suitable for everyone, which is why we only offer this on an advised basis — one of our qualified advisers will assess your full circumstances before recommending whether Drawdown, an annuity, or a combination of both is right for you.
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Useful Information
- Flexi-access Drawdown — find out more
- Pension Advice — should you consolidate first?
- Retirement Planning — see the bigger picture
- Annuity Options — an alternative to consider
- Pension Wise — free, impartial government guidance on your pension options
Pension Drawdown is provided on an advised basis. Tax rules and pension legislation may change in the future, and your own circumstances and where you live will also have an impact on tax treatment. The value of your pension can go down as well as up and is not guaranteed. Your details are encrypted and we will never sell your information to any third party.
Retirement Professionals Ltd is an appointed representative of pi financial ltd, authorised and regulated by the Financial Conduct Authority. FCA number 622943.