This is also referred to as an unsecured pension. Income Drawdown is only available to individuals aged less than 75 and it allows a pension scheme member to continue to invest in a pension fund and to also draw a set amount of income from the fund. This must be reviewed every five years and the level of income may be changed following the review. Unlike an annuity, with income drawdown policyholders may be able to pass on their pension fund to their dependants on death.