Moving your pension into drawdown

Get expert financial advice on moving your pension into drawdown

An expert can help you answer questions such as:

Is drawdown the right option for me?
How much income do I need and want?
How will my income be affected if the market drops?
Should I take all my tax free cash as a lump sum?
How long will I need my money to last?
Are my affairs tax efficient?

Deciding how you’ll generate income in retirement is one of the most important decisions you’ll make.

Drawdown is a popular option because it’s both flexible in life and in terms of passing it on to loved ones. But unlike something like an annuity, your income from drawdown isn’t guaranteed and may not be consistent.

If you’re considering drawdown, there can be a lot to think about.

Find out more

If you’re considering drawdown, there can be a lot to think about.

An expert can help you answer questions such as:

Is drawdown the right option for me?
How much income do I need and want?
How will my income be affected if the market drops?
Should I take all my tax free cash as a lump sum?
How long will I need my money to last?
Are my affairs tax efficient?

Flexible drawdown advice from HL

Whether you are at the point of retiring or already have a drawdown pot and want to check your strategy in a world that is moving fast, we can help you plan retirement on your terms.

Most of us probably have an image in our mind of what retirement looks like.

Retirement planning advice can help you get a clear view on the present and a strong plan for the future. When it comes to moving your pension into drawdown, planning is essential to making sure it’s the right choice to enable you to live the retirement you want.

Find out more

Retirement planning can include:

Weighing up drawdown against other income options
Accessing your tax free cash and what to do next
Identifying how to cover any shortfalls in income
Looking at your cash flow to make sure you’ve got enough to cover:
- Essential expenditure
- A cash reserve for emergencies
- The exciting things you have planned for your retirement

Retirement planning can include:

Weighing up drawdown against other income options
Accessing your tax free cash and what to do next
Identifying how to cover any shortfalls in income
Looking at your cash flow to make sure you’ve got enough to cover:
- Essential expenditure
- A cash reserve for emergencies and most importantly…
- The exciting things you have planned for your retirement

[This video has decorative footage throughout. Where there are visuals which are not explained in the speech these are described below]

[Bruce Pearce, Head of Advisory Services speaks to the camera]

Bruce Pearce: "Helping you save and invest with confidence is at the heart of everything we do at HL.

Our financial advice service is no exception. In fact, we aim to help you gain confidence in your financial planning and your decisions. Even if you decide not to take financial advice, we’ll be satisfied we’ve done our job by pointing you in the direction of the best help for your situation. Here’s how we do just that…”

[Roddy Macualay, Advisory Helpdesk Consultant, speaks to the camera]

Roddy Macaulay: “My helpdesk team are here to provide your first confidence boost. A conversation with us can either give you the confidence that you’d see value from taking financial advice or the confidence that you’ve already got a good strategy and our free information is all you need to continue your success."

[Tom O’Rourke, Telephone Adviser speaking to the camera]

Tom O’Rourke: “When you take advice from me or another member of my team, you’ll get convenience and confidence. My team and I have exactly the same expertise and the same range of qualifications as my colleagues who meet clients face to face.”

[Rosie Richard, Financial Adviser speaks to the camera]

Rosie Richard: “If you decide advice is right for you, it’s over to me…

[Samantha Squires, Financial Adviser speaks to the camera]

Samantha Squires: or me...

[Thomas Campbell, Financial Adviser speaks to the camera]

Thomas Campbell: or me..."

Rosie Richard: "Or any one of us spread across the country to give you your next confidence boost. Firstly, you can ask me anything about my experience or my qualifications so you can be comfortable with me. But really, it’s all about you, the situation you’re in and what you want the confidence to achieve. Together, we’ll draw up a plan and take a look under the bonnet at your investments to give you a clear view of the present and a strong plan for the future."

[Bruce Pearce]

Bruce Pearce: “A boost in confidence is often needed at times of change. Big changes such as retirement or a change in family circumstances can throw you off balance.

But we also understand that you probably won’t need advice every year.”

[Bruce speaks over an animation of two water containers filling up. The left is labelled as ‘Hargreaves Lansdown one off charge‘ which only has one glass of water being poured from it. On the right the water container is labelled ‘other providers’ ongoing charge’. This one however has multiple glasses poured from it, which represents potentially unnecessary ongoing advice charges.]

“Where some advisers from other firms will suggest you take ongoing advice for an ongoing charge, we’ll normally suggest you only take advice again if you need another confidence boost at a later date. That way you don’t waste money every year for reviews or advice you don’t need.

[Contact details appear on screen]

Find out more by booking your call with our helpdesk.”

Call our help desk on: 0117 314 6255

Or book a call online.

Please note: Our helpdesk are there to help you understand more about our service and whether it could help you. If it sounds like you could benefit from advice, one of our Financial Advisers will contact you within 2 working days. If you decide to go ahead with advice there’ll be a charge, which they will discuss with you.

How to get drawdown advice from HL

At HL, we want to be completely sure you’ll get the most value out of your financial advice. We also want to make sure you feel confident about your retirement – whether you take advice or not.

Watch our video to find out how our advice service works.

Start your advice journey

Talking to us is the first step towards retiring on your terms. An initial call with our Advisory Helpdesk will help you understand:

What help and support we offer to help you understand your options
Why our expert financial advisers could be the answer if you need more help
How financial advice works, including the benefits and costs

If you decide advice is right for you, we’ll put you in touch with an adviser for a free consultation within two working days.

Book a call

If you’re unsure if a course of action is right for you, you should consider seeking financial advice. What you do with your pension is an important decision that you might not be able to change. You should check you're making the right decision for your circumstances and that you understand all your options and their risks. The government's free and impartial Pension Wise service can help you and we can offer you advice if you’d like it.