Flexi-access drawdown

A type of drawdown pension. Drawdown is a flexible way to access your pension – after taking your tax-free lump sum, the rest of your pension remains invested, for you to take income from as and when you choose.

There are no limits on the income you can take with flexi-access drawdown. Keep in mind that the income will be subject to income tax at your marginal rate. Also, taking income under flexi-access drawdown will reduce how much you’re able to pay into certain pensions in the future.

When you set up a drawdown pension with us, we’ll offer you Investment Pathways. They can help you invest your pot in a fund designed to broadly match your retirement plans, (choosing an Investment Pathway is completely optional.)