Income drawdown

A flexible option for taking income from your pension

Income drawdown (or flexi-access drawdown) lets you take a flexible income from your SIPP or other pension during retirement. You choose how much income to take, how often to take it and where your pension is invested – but this also means your income isn't guaranteed and your pension could fall in value. Not all pensions offer income drawdown – you need one like our Best SIPP.

Why choose the Best SIPP for income drawdown?

Low charges

Annual fees of 0.3% a year or less, no set-up fee and new lower drawdown charges.*

High quality investments

Access to 2,500 funds plus hundreds of ETFs, investment trusts and UK shares.

Expert help

The option to have your pension investments managed by our experts or invest with help from an adviser.

Best Low-cost SIPP Provider

We were named
Best Low-cost SIPP Provider at
the FT Awards 2018

Interested in income drawdown?     Find all the details in this free guide

Income drawdown charges

Retirement lasts a long time, and charges can make a dent in your pension over several decades. That’s why we keep our income drawdown fees low and simple.

Set-up fee


Initial calculation fee

£90 or £100*

Annual fee to take income

£0 or £100*

*Depending on whether your pension is valued above or below £100,000 after your tax-free cash. VAT is payable and fees are due when actioned. Other fees may apply.

View full income drawdown charges

Free guides

Find out more about income drawdown and taking an income in retirement with these free guides.

  • Our best pension investment ideas

    Income Drawdown

    One option for accessing your pension at retirement is to take income (or flexi-access) drawdown, where your pension remains invested and you draw an income from it.

    Find out more
  • Our best pension investment ideas

    The Best SIPP

    Discover the many benefits of saving for retirement with our award-winning personal pension – the Best SIPP.

    Find out more

Speak to an expert about income drawdown

Got questions about income drawdown and what to do with your pension? Speak to our experts today:

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.

SIPPs are not suitable for everyone. If you don’t want to invest across different asset classes or don’t think you will make use of the investment choices that SIPPs give you then a SIPP might not be right for you. Please contact us for guidance or advice if you are unsure whether a SIPP is right for you.