7 traps for drawdown and tips to avoid them
A must-read for anyone thinking about drawdown
When it comes to your money and savings, mistakes can be costly. Deciding what to do with your pension is an especially important decision, and one that shouldn’t be made lightly.
Though drawdown might be a tempting option, we strongly recommend you understand all the potential pitfalls as well as the steps you can take to avoid them. That way mistakes might be less likely.
Our easy-to-follow factsheet explains:
- The traps that can cost thousands for unsuspecting drawdown investors
- Tips for picking the best drawdown provider
- How to avoid paying more tax than you need to
Plus, we’ll point you in the direction of more specific tools which you might find helpful.
The factsheet isn’t personal advice. Remember the value of your investments can go down as well as up, so your income isn’t secure and you could get back less than you invest.