• Drawdown options

    Your clients' retirement plans are a big unknown. Their priorities and needs of today are likely to change.

    With flexi-access and drip feed drawdown you can give them greater flexibility to help manage the unknown as well as helping smooth the transition into retirement.
  • For information about all your clients' options download our Pension benefit guide.
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    Flexi-access drawdown

    • Flexibility for your clients to take as much or as little from their fund as they need.
    • Clients can take the entire fund, ad-hoc lump sums or regular taxable income.
    • Option to take up to 25% tax-free cash as a lump sum.
    • Any amounts not withdrawn remain invested with the potential to grow. Any tax-free entitlement not used could also continue to grow in line with the overall fund.

     

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    Drip feed drawdown option

    Potential tax-free income with minimal administration

    • Smooth your client's transition from work to retirement with a potential tax-free income using your client's tax-free cash entitlement.
    •  Minimal fuss. Just tell us once how much income your client would like, how often. and we manage it for you.
    • Choose to receive income totally tax-free, or a mix of tax-free and taxable income, depending on your client's priorities and personal circumstances.
    • Your client's tax-free entitlement on the uncrystallised part of their fund could continue to grow in line with any growth in their overall fund value.
    • Monthly 'payslips' so your clients can keep up to date with how much income is received and tax paid. 

    See how this could work for a client looking to receive a tax-free income.

    Take a look at Sarah's story

  • Available on the following products

    Flexi-access drawdown

    Drip feed drawdown

    Retirement Wealth Account


    The Personal Pension


    Family Suntrust



    The Executive Pension


    The Section 32



  • Show your clients how drawdown could work for them. Call us on 0345 129 9993 for an illustration.
    We sometimes record telephone calls to help with training, service and security.
  • Please bear in mind

    By taking income from a pension fund, together with any charges, your client is reducing the value of their pension fund and potential for future growth - particularly if they take high levels of income and/or investment returns are poor. The value of the fund could fall below the amount originally placed in drawdown and could even run out sooner than illustrated.

    Taking high income and/or lump sums may mean your client will pay more tax, and could cause them to enter a higher tax bracket.

    Tax treatments are subject to change and depend on individual client circumstances.

    Tax free income is subject to having sufficient uncrystalised funds.

    Investments can fall in value as well as rise and clients could get back less than they invest.