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Free drawdown illustration

If you are considering moving money into drawdown, requesting your free, personalised drawdown illustration is the first step.

It will show you:

  • The income you might receive each year. Income is not guaranteed
  • The potential remaining fund value in future years, using various assumed growth rates
  • The expected effect of withdrawals and charges on your fund

Once you request your illustration there is no obligation to proceed. We will also send you our guide to drawdown, explaining the benefits and risks, and we will outline the next steps should you want to proceed.

Already in drawdown? If you are in drawdown with another provider: Request a transfer pack »

If you are in drawdown with Hargreaves Lansdown and want to convert from capped to flexible drawdown: request an application pack. If you have a capped drawdown arrangement with us and would like to move further money in without removing the income cap, contact us on 0117 980 9940.

Important: 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.

Pension details

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How much income you take is entirely down to you. You don’t have to take any income if you don’t want to: you could simply take the tax-free cash and leave the rest invested.

One way to take income is to only take the income generated by the underlying investments. This leaves the underlying capital intact to (hopefully) grow, although its value will of course fluctuate. Taking income in this way is called drawing the 'natural yield'.

As an example the natural yield for the UK stock market is around 3.5%*. This yield is historic and will vary in future; it is not guaranteed. It is provided to help you make your own decisions on what income to take, but you need to also factor in your attitude to risk and the nature of the investments you have chosen. 3.5% of a fund of £250,000 is £8,750.

Taking more than the natural yield from your drawdown pension might mean selling investments and withdrawing from capital, which increases the risk of you running out of money later on in retirement which could seriously impact your lifestyle. Withdrawals are taxed as income.

*Yield of FTSE All Share was 3.47% on 31 March 2017, source FTSE.

Your illustration will assume you are going to take 25% tax-free cash, however you can choose to take less than this.

Investment options

If you know where you'd like to invest your pension, please select your investments below, and your illustration will be based on these investments. If you're unsure, or would rather not invest your pension straight away, please select 'hold as cash'. Please note, the investments you choose below are for your illustration only. They are not an investment instruction.

Investments Amount

Personal details


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This literature is for UK investors only. We are not authorised to send our literature to areas outside the jurisdiction of UK regulation and will be unable to send this literature to any address in the Channel Islands or outside the UK.

Hargreaves Lansdown PLC group companies will usually send you further information by post and/or email about our products and services. If you would prefer not to receive this, please do let us know. Your personal data will remain confidential, and will never be passed to any other company, unless required by law.

Important: 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.