Is drawdown right for you?
Drawdown lets you keep your pension invested and take a flexible income for your retirement.
Drawdown is available if you’re 55 or over
Release up to 25% of your pension pot tax-free
Keep your pension invested for potential growth
Rather than locking your savings into an annuity, drawdown lets you keep your options open. You never know what your retirement can hold or how long it will last. With drawdown, your pension remains invested until you need it.
Get more flexibility over your retirement income. An annuity makes predictions about your retirement, and determines an income based on a number of factors. Drawdown is flexible and doesn’t lock you into a long–term decision. This means your pension could go much further.