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.

In this guide:

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