If your fund is over £100,000, instead of buying an annuity, you could retain your pension fund and select flexible income drawdown.

drawdown COMPLETE THE FORM BELOW FOR YOUR FREE INCOME DRAWDOWN REPORT ON YOUR PENSION.

drawdown

pensions drawdown Drawdown gives you the ability to vary your income to meet your changing needs

income drawdown As your pension fund remains invested, you benefit from any growth on it

drawdown pension At any time, you can buy an annuity if rates become attractive

pension drawdown HERE ARE THE REASONS WHY YOU DON’T HAVE TO GIVE UP YOUR PENSION FUND TO CREATE YOUR INCOME IF YOUR FUND IS WORTH MORE THAN £100,000.

 
DRAWDOWN, or UNSECURED PENSION as it’s sometimes called, is a VERY FLEXIBLE OPTION which should only be considered if you have a pension fund worth more than £100,000. Crucially, this figure is the amount of money you have left in your fund AFTER YOU’VE DRAWN YOUR TAX FREE CASH. You could, however, consider it with a smaller fund if you have other sources of income.

Drawdown allows you to take a taxable INCOME DIRECTLY FROM YOUR FUND, leaving the remainder invested. But the REAL ADVANTAGES of drawdown are its FLEXIBILITY and POTENTIAL FOR GROWTH. You can choose the level of income you receive, yet continue to manage and control the remaining fund.

Should you die while in drawdown, the value of the fund less a tax charge can be paid to your beneficiaries. And that can be more attractive than the benefits payable under an annuity.

On the face of it, drawdown sounds like a better bet than an annuity. But the charges often work out higher, and it’s usually considered high risk as your income can rise and fall with market conditions. And whilst drawdown has the ability to give you AN INCREASING INCOME THROUGHOUT YOUR RETIREMENT, you’ll need to set aside time each year for a thorough review.

Like anything in life, it’s sensible to look at all your options before you make a decision, particularly one as irreversible as buying an annuity.

drawdown calculation As drawdown is high risk, you should always seek specialist advice before you proceed.

 
This is what a drawdown specialist will do for you:

  • take a detailed look at your personal situation to arrive at the level of income you’ll have to draw down from your fund to meet your needs
  • calculate the growth rate your fund needs to achieve to retain its value, having paid out your income
  • work out how quickly your fund could disappear at a range of low growth rates, and conversely, how your income could increase over time if your fund grows at higher growth rates
  • decide the best place to invest your pension fund to achieve your aims
  • on a yearly basis, carry out a thorough review to ensure your income continues to meet your needs as your circumstances change

We only recommend experts who are independent and offer brilliant service. They don’t represent any particular company. They provide you with the best solution from the market.

Before you do business with the specialist we suggest, we want you to have the same degree of confidence in them as we do. So, as a benefit of using this site, the specialist will provide you with a report, FREE OF CHARGE, to give you the reassurance you need. If you like the recommendation, they’ll tell you exactly what it’ll cost to put in place. But if you don’t want to proceed, that’s absolutely fine. All without you having risked any of your hard-earned cash.

drawdown calculator Get your FREE REPORT now.

 
Pop your details into the form above to be contacted by a specialist drawdown adviser. Your report is FREE.

If you’d like to discuss any aspect of the service before you complete the form, please feel free to ask us anything using our contact form.