Pension Drawdown / Income Drawdown

Rather than purchase an annuity, you may be able to drawdown accumulated funds in your pension to provide an income that can be tailored to your needs in retirement. Generally, income drawdown (sometimes known as pension drawdown) is more suited for individuals with larger pensions but we will be happy to discuss all of your retirement options during our meeting and provide relevant pension advice.

There are two types of drawdown that may be available, Capped Drawdown and Flexible Drawdown. There are different benefits of each type of drawdown plan depending on your circumstances but with annuity rates at a record low more and more people are considering drawdown as opposed to purchasing an annuity.

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