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.

“I established my first personal pension with Corporate Benefits on starting a new job in 2014, having previously held a corporate pension.  Being fairly new to pensions, Corporate Benefits were extremely helpful in giving me enough information and advice to understand the tailored pension they recommended for me.  They have happily answered any questions I have had during the process, including helping me to understand clearly the breakdown of payments and investments.  With the pension recommended for me, I have been able to monitor the pension growth and personalised regular investment reviews made via a web portal which has been both interesting and rewarding.  At my first yearly review, earlier this year, I was pleasantly surprised by the growth over my first year and reassured that the regular monitoring of my pension strategy are benefiting me over the longer term.”
Dr Ewan Towie