Up to £1,000 cash back as a thank you when you transfer pensions to income drawdown in the Vantage SIPP by 8 May
Terms apply. This offer excludes transfers from an existing Vantage SIPP.Request your illustration
Income drawdown is the main alternative to a secure annuity income. It is more flexible than an annuity but is also more complex and higher risk.
Instead of exchanging your pension pot for the secure lifetime income of an annuity, income drawdown allows you to draw a variable income directly from your pension pot. You choose where to invest and your income will rise and fall depending on your investment's performance. There are also greater options for passing funds on when you die.
The sheer amount of control you retain may be an attraction for some investors, but it can also be a drawback. If you take too much income, if stock markets don't go the way you want, or if you live longer than you were expecting, your retirement income could dwindle or even run out. For this reason we believe some form of annuity will be the best option for most people.
Tom McPhail, Head of Pensions Research, explains income drawdown.
TOP TIP: Have you thought about a mix and match approach? Some clients choose a secure annuity to cover their essential living costs and invest the remainder in income drawdown to benefit from the flexibility.
Mr Gray, Derbyshire
Mr Roberts, London
Mr Malin, West Sussex
Mr Smith, Surrey
Dr Helevuo, Oxfordshire
Mr Mathews, Liverpool
Take control of your pension
The Vantage SIPP is designed for investors who are happy making their own investment decisions. You choose exactly where and when your money is invested in more than 2,500 funds (unit trusts and OEICs) run by the finest fund managers, shares, investment trusts, gilts, corporate bonds, ETFs and cash.
Get a better return with our low costs
No fees from us to transfer-in, no fee for drawing a regular income, no fund dealing fees and online share dealing from £5.95 to £11.95 a deal. Plus, exclusive super-low annual charges on top-performing funds and competitive annual management charges. Find out more about income drawdown charges and interest rates.
Benefit from our award-winning helpdesk
We've been voted Best SIPP Provider for the past seven years running. Our income drawdown specialists are always on hand to answer any questions you may have. There is no automated service, just friendly professional support.
Income drawdown in the Vantage SIPP is offered without advice as standard. Income drawdown is a complex product, and if you are at all uncertain about its suitability, we strongly recommend you seek financial advice.
Our advisory team would be happy to help you, for more information about their services please contact them on 0117 317 1690 or visit the advisory services section of our website.
Income drawdown is a complex product, if you are at all uncertain about its suitability for your circumstances we strongly suggest you seek advice. Your income is not secure. You control and must review where your pension is invested, and how much income you draw within limits. Poor investment performance and excessive income withdrawals can deplete the fund leaving you short of income.
If you have a question or would like more information call one of our specialists on: