Income Drawdown

Taking an income from your pension through drawdown

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Income drawdown (or flexi-access drawdown) is one option for taking an income at retirement. With drawdown your SIPP or other pension remains invested while you draw an income from it, meaning the value of your pension could go up or down depending on how your investments perform. Income drawdown gives you more freedom than an annuity, as you can choose how much income to take and where your remaining funds are invested.

What's in this guide?

  • What is income drawdown?
  • Who is eligible for income/flexi-access drawdown?
  • What happens to your pension when you die?
  • Our new lower prices for drawdown with the Best SIPP

Related guides

The decision to access your pension is an important one and will affect your income and possibly your standard of living for years to come. Therefore we recommend that before any decision is made you receive regulated financial advice or get free guidance from Pension Wise. Find out more about Pension Wise.