Income Drawdown is a flexible way of taking retirement income, which allows you to draw income directly from your pension fund, without buying an annuity. You can access Income Drawdown immediately, provided you are over age 55 and you can choose how and when to take your retirement income. You can even defer taking income at all.

The pension fund will remain invested and your retirement income will depend on the investment performance of the fund.

Aside from the flexibility offered, the other main advantage of Income Drawdown is the option for passing your fund to your spouse or dependents in the event of your death which can be appealing when compared to the annuity route.

Hi Iain, I cannot thank you enough for the advice, support and service you have provided to me throughout this process which has been outstanding from start to finish. You have made the entire process easy and hassle free and have negotiated an enhanced annuity for my father. I cannot thank you enough and will recommend you wholeheartedly to every single person I know that ever needs pension advice or indeed financial advice of any kind. Best regards David
David StranaghanRelationship Manager, Third Party OperationsTesco Bank