Key things to remember:
You can drawdown your pension or purchase an annuity if you are 55 or over
You can release 25% of your pension pot tax-free
With pension drawdown your pension will stay invested until you need it
Keep your pension invested and take a flexible income using drawdown. Your retirement could last for many years, so you may want to keep your retirement income options open. One way to do this is to keep your pension invested and take income as and when you need it.
Alternatively by purchasing a lifetime annuity you will guarantee a regular income for the rest of your life. It's a big decision, so to find out which option is best for you complete our simple form and we'll help you get the best for your retirement.
In addition, you will receive a free all-you-need-to-know guide to drawdown pensions.
"Income Drawdown proved to be a more flexible pension option that gave me better access to my pension fund."Maureen Knowles