Drawdown
Drawdown is a flexible way to access your pension. After taking your tax-free lump sum, the rest of your pension is available for you to take an income from as you choose.
If you don’t decide to buy an annuity, your remaining pot will be moved into drawdown as your crystallised funds. In drawdown, you can choose how much income you want to take and when. Since 2016, the drawdown pension option for people accessing their pension for the first time is known as flexi-access drawdown.
When you set up a drawdown pension with us, we’ll offer you Investment Pathways. These can help you invest your pot in a fund designed to broadly match your retirement plans. (Choosing an Investment Pathway is completely optional.)
Learn morePopular terms
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...
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A type of pension that you set up yourself. You control how much you pay in (and when) as well...