Pension drawdown is a flexible way to take income from a pension pot on retirement. This is an alternative to using the money to buy an annuity (which, in return for a lump sum payment, guarantees to ...

Pension drawdown allows you to shape your retirement around your lifestyle. Most of the time allows you to be flexible and take out the amount you want as and when you need. A drawdown pension allows ...

Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. Income drawdown is a flexible way for those aged 55 and over to access the money in a ...

Pension schemes which allow members to designate defined contribution (DC) funds for drawdown may need to amend their scheme rules, following an update to HMRC’s Pensions Tax Manual. On 26 March 2025, ...