I want to take tax-free cash but do not need / want to take a taxable income from the rest of the fund. Is this possible?
Yes. You can do this by applying for drawdown – when you apply, specify that you do not wish to take an income. This allows you to access the tax-free cash without immediately taking any taxable income, and you are able to start drawing an income at any time in the future. Please refer to our drawdown guide for further information.