Key things to remember:
You need advice by law before you can take money from your pension
Your money stays invested for you to access as and when you need it
From age 55 you can withdraw your money taking up to 25% tax free
Keep your pension invested and take a flexible income as and when you need it using drawdown. Your retirement could last for many years, and drawdown allows you to keep your retirement income options open. A drawdown pension offers you more flexibility than ever before, and could allow your pension fund to go much further
There are so many factors that go into calculating a retirement income, such as pension value, personal retirement plans, and attitude to investment risk. That’s why online calculators are entirely inaccurate. To see how drawdown could benefit you, complete our simple form to connect with a pension drawdown adviser. They’ll help you calculate the best possible income for your retirement.
It’s also a legal requirement to seek advice from an FCA regulated financial adviser before you can access your pension savings. They’ll tailor a personal pension drawdown plan to get you the best deal. In addition, you will also receive a free all-you-need-to-know guide to pension drawdown.
“My adviser helped me calculate how to get the best retirement income out of my pension savings."Maureen Knowles