Guide to Drawdown
This guide is not personalised advice. Please remember tax rules can change and the value of the tax benefits will depend on your circumstances. The value of investments can fall as well as rise so you could get back less than you invest.
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Everything you need to know about drawdown in our straightforward, easy-to-read guide
We appreciate drawdown can be a complex subject and have therefore put together a free guide that helps explain it in a little more detail.
This guide contains a wealth of information on drawdown, including:
- The flexibility made possible by the pension freedoms
- How drawdown works
- The benefits and risks of drawdown
Find out about the rules introduced in April 2015 which allow pension investors to withdraw as much income as they need from their pension, when they need it.
The guide you will receive is not personal advice. Drawdown is a higher risk option than an annuity, if you are at all uncertain about its suitability for your circumstances please seek advice. Remember the value of your investments can go down as well as up so you could get back less than you invest.
The information on our website is not personal advice but we can offer advice if specifically requested. What you do with your pension is an important decision, which could be irreversible. Drawdown is a more complex option than an annuity. Make sure you understand your options and check they are suitable for your circumstances: take appropriate advice or guidance if you are unsure. The Government's free Pension Wise service can help. It provides impartial guidance face-to-face, online or by phone - more on Pension Wise.
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