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Retirement Options

Planning for staged retirement, Annuity UK can help

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Income Drawdown

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Income Drawdown, which is also known as an unsecured pension, allows individuals to take income from their pension fund while it remains invested and continues to benefit from any growth.

Proven as a great alternative to annuities for many, instead of using your pension fund to buy an annuity your fund remains invested and remains, to a large degree, within your control.

Income Drawdown is particularly popular amongst those who wish to retire gradually. You can choose when you do and don't want to receive your income. This means that at times when you are working you may not want to receive money, whereas when you're not working, you are likely to want the income again. There is also the added benefit of being able to provide an income for your spouse or partner if you die first and for them to access the capital subject to a tax charge.

Income drawdown is best suited to those who have planned very carefully for their future and are confident that they have enough money to secure their entire retirement. This method of income is not guaranteed, for life and only lasts for as long as you have a pension pot. This means that if the money has run out, you will no longer receive anything from your Income Drawdown.

To help understand the rules and conditions which affect Income Drawdown why not contact Annuity UK who will have an Independent Financial Advisers (IFA's) contact you to help.