Pension Drawdown is a flexible option for accessing your pension in retirement. You can withdraw lump sums, generate a steady income or do both, as and when you choose.You can typically withdraw up to 25% of your pension pot tax-free, whilst leaving the rest invested. This means your pens...
Use our Drawdown Pension Calculator to find out how much pension income you could get with our Drawdown product.
Take up to 25% of your pension pot as a tax-free lump sum Use the rest to buy a regular income for up to 25 years The income stops at the end of the set period Cash-Out Retirement PlanRetirement income calculator Get a flexible income (Pension Drawdown) ...
Income drawdown Transfer your pension today With the average Brit working 11 jobs in their career, it can be difficult keeping on top of your pension. If you don’t know exactly what you’ve got, you don’t have the reassurance of knowing you’re on track to reach your goals. ...
Annuities vs drawdown What you need to know if you want to access your savings to finance your retirement.Research your options Single vs joint annuities Consider including a guaranteed income for your spouse if you die before them. Understand the difference Frequently asked questions Help make an...
Annuities vs drawdown What you need to know if you want to access your savings to finance your retirement.Research your options Single vs joint annuities Consider including a guaranteed income for your spouse if you die before them. Understand the difference Frequently asked questions Help make an...
Pension calculator How and when to take your pension Our Ready-Made Pension offers flexible options, letting you access your pension when the time is right, and in a way that suits you. Flexible access (flexible access drawdown)– Keep your money invested but take taxable withdrawals whenever ...
With PensionBee you'll pay one simple annual fee between 0.50% and 0.95%, depending on the plan you choose. If your pension pot size is larger than £100,000 we'll also halve the fee on the portion of your savings over this amount. ...
As a result, people are increasingly looking for advice to help them make their retirement decisions, especially around pension or income drawdown. Independent financial advisers can help you identify the right course of action to take and the right providers who offer the product you require. ...
Inmostschemesyoucantake25%ofyourpensionpotasatax-lumpsum.You’llthenhave6monthsto starttakingtheremaining75%-youcanusually: ◦getregularpayments(an‘annuity’) ◦investthemoneyinafundthatletsyoumakewithdrawals(‘drawdown’) Youmayhaveotheroptions-youget25%taxwhenyou: ...