Call us Free Today 01302 636119

Independent Drawdown Advice

Industry Experts

Free Drawdown Consultation

Why choose Pension Drawdown?

Five Gold Stars

No hesitation in recommending

"...facilitated my Flexible pension drawdown in less than three weeks. A very professional company I would have no hesitation in recommending."

- Mr Newton

Five Gold Stars

Very knowledgeable and professional

“Organised my drawdown policy everybody I spoke to were always polite and friendly, they were always very knowledgeable and professional and able to answer any questions I had”

- Brian

Prudential
Standard Life
Liverpool Victoria
Canada Life

Frequently Asked Questions

Below are answers to the most popular questions we receive.

How much income can I take in Drawdown?

Normally there is no maximum or minimum limit to the amount of income you can take. You can just take your tax-free cash and no income if you wish.

How will any income be taxed?

Income tax will be deducted at source in accordance with your tax code.

Can I have an Annuity and Drawdown at the same time?

Yes you can. For many, an annuity offers security to cover essential outgoings and drawdown is used as a more flexible way to take income. If you put all your pension funds into drawdown and later wanted to buy an annuity, you could use some or all of your drawdown fund to do this.

What happens to my Drawdown plan when I die?

There are three options that you can choose from when you die.

  • Your spouse or dependent could use the fund left and buy an annuity.
  • Your spouse or dependent could use the fund and remain in Drawdown.
  • The fund could be paid as a lump sum to whoever you wish, however this attracts tax charge of 55%

What are the main differences between Capped and Flexible Drawdown?

Capped Drawdown allows you to take an income level from Nil to maximum GAD (Government Actuarial Department) Limits that change from time to time; whereas Flexible Drawdown allows you to set the income level yourself, provided that you have a minimum guaranteed income level of £20,000 per annum.

"Drawdown has enabled me to take advantage of a more flexible type of income in my retirement and to simply take money when I need it. By speaking to an Adviser I was able to quickly understand the level of risk which I was comfortable with for my investments and to also find out the potential returns I could receive”

Micheal Johnson - Solihull

All the advisers are authorised and regulated by the Financial Conduct Authority.

Call us Free Today 0800 088 2640

Free from Landline & Mobile
Mon - Thu 9am to 8:00pm, Fri 9am - 5:30pm, Sat 9am to 5pm