Income drawdown allows you to take an income directly from your pension fund while leaving the remainder invested for potential further growth.
It allows you to take control of how and when you receive your retirement income, so you can retire fully or semi-retire
The Government sets a maximum limit of how much you can take as income in any 12-month period through income drawdown. However, there’s no set minimum, which means you could actually delay taking an income if you want to and simply take your tax-free cash lump sum
You can choose from a range of investments, but remember the performance of the investments will affect the income you receive.
This is an area of retirement planning that requires advice. It is extremely important that we ensure this is the correct way to take your retirement benefits.