Income drawdown - frequently asked questions
Moving funds into income drawdown
- When can I go into income drawdown?
- How do I commence income drawdown from the Vantage SIPP?
- Do I have to move all my funds into income drawdown at the same time?
- Can I transfer other income drawdown plans to my Vantage SIPP?
- Can my existing income drawdown plans be combined after being transferred?
Managing your income drawdown account
- Where can I invest my income drawdown account?
- Can I buy a short term annuity with my drawdown account?
- Can I make additional contributions to my Vantage SIPP after income drawdown has commenced?
Taking an income
- How much income can I take?
- How often is the GAD limit calculated?
- Can I alter the level and frequency of my income payments?
- How will any income be taxed?
- What happens if there is insufficient cash to cover any income payments?
Moving funds out of your income drawdown account
- Can I transfer my Vantage SIPP after income drawdown has commenced?
- Can I change my mind once I have commenced income drawdown?
- When can I buy a lifetime annuity?
Reaching age 75
Technical questions
Get a FREE
income drawdown
illustration
- Discover how much income you could receive each month
- How withdrawals and charges will affect your income
- How investment performance can change your fund value
Important information
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.
Have a question about income drawdown?
If you have a question or would like more information call one of our specialists on:
0117 980 9926
Mon - Thu: 8am - 7pm
Fri: 8am - 6pm
Sat: 9:30am - 12:30pm
