Welcome to the Income Drawdown Section!

Does income drawdown confuse you? If so, you are in good company. Thousands of UK residents are keen to transfer their pension money to drawdown for greater flexibility but are unsure as to the process. Income drawdown allows you to withdraw money at any time you choose. There are restrictions relating to the minimum and [...]

Income drawdown is an increasingly popular pension option but it is also one of the most complex. On the face of it, being able to withdraw money at any time seems simple enough but there are a number of financial implications. This is why drawdown advice is essential and this should only come from an [...]

Income drawdown is also known as an unsecured pension. It is far more flexible than annuities because you are allowed withdraw a certain amount of money from your pension pot at any time while still saving for your retirement. However, income drawdown is really only an option for those with large pension funds. Talk to [...]

With an income drawdown plan, you are allowed to take an income in retirement until the time comes to buy a pension. To transfer from this defined contribution scheme, you must transfer your money to another income drawdown plan which will have the exact same review date and transfer limits as the old plan.

Is Income Drawdown A Viable Option For You? Income drawdown is as complex as is it flexible so although it does offer pension holders a range of options, it can also be quite confusing. The biggest plus points with this form of investment include growth potential, the fact that it allows you complete control over [...]

Before you start thinking about income drawdown, it is important to look at other annuity options, mainly lifetime annuities. Neither of these options are perfect. They both have major advantages and disadvantages which can be nullified or exacerbated depending on your individual circumstances. It would be incorrect to dismiss either option without thorough investigation because [...]

Income drawdown, also known as an unsecured pension, is a riskier though potentially more rewarding alternative to lifetime annuities. Essentially, you are allowed to take money from your pension directly yet the money that remains continues to be invested. Staying In Charge Control is the most important element in income drawdown and is its most [...]

There is the possibility that the maximum amount of money you are allowed to draw as income will exceed the amount that can be withdrawn from a regular single life annuity. Government Actuary Department (GAD) tables are used to decide how much your maximum limit is. These tables calculate data including your age, and 15 [...]

Once you reach the age of 75, it is possible to continue drawing an income without having to purchase an annuity. To achieve this, simply allow your pension fund to be placed in an Alternatively Secured Pension (ASP). An ASP is similar in nature to income drawdown though there are a number of restrictions which [...]

Annuities and income drawdown have some significant differences but death benefits are possibly the most apparent. Please note that the government are considering the implementation of major changes with could affect the information you read below in future. Each tax situation will change depending on the person’s financial circumstances. There are numerous types of death [...]