Drawdown vs annuity
Should I take a flexible or secure income - or both?
Drawdown and annuities are two different ways of taking money from a pension. One offers a secure income and the other offers more flexibility.
Download this essential guide to find out:
- How annuities work
- How you can get a higher secure income
- How drawdown works
- Investment ideas for drawdown
- How to get help from an expert
- How to combine your options
This guide isn’t personal advice. What you do with your pension is an important decision. You should check you're making the right decision for your circumstances. Take appropriate advice or guidance if you’re not sure. Pension Wise provides impartial guidance which could help. If you choose to invest, remember that investments can go down as well as up in value, so you could get back less than you put in.