Pension drawdown is a flexible way to take income from a pension pot on retirement. This is an alternative to using the money to buy an annuity (which, in return for a lump sum payment, guarantees to ...

If you're heading towards retirement, you may be thinking about how best to access your pension pot. If you're saving for retirement into a defined contribution (DC) pension scheme, pension drawdown ...

Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. Income drawdown is a flexible way for those aged 55 and over to access the money in a ...

Pension schemes which allow members to designate defined contribution (DC) funds for drawdown may need to amend their scheme rules, following an update to HMRC’s Pensions Tax Manual. On 26 March 2025, ...

Thirty-two per cent of people in drawdown do not have any investment experience, yet two in five of them have not received advice or guidance, according to a recent report that urges the introduction ...

When you buy through links on our articles, Future and its syndication partners may earn a commission. Pension drawdown could be a useful strategy if you've got a defined contribution pension (image: ...

Income drawdown, whereby you draw an income from your savings while keeping them invested, has become the overwhelmingly favoured choice for pension savers managing their money in retirement. But the ...