You can combine phased retirement with income drawdown to give you the maximum flexibility about how you take your retirement income. Initially your pension fund is put into a phased retirement plan and divided into segments. Each year, you can decide how many segments, if any, you want to cash in. When you cash in your segments, you can usually take 25% of the value as tax-free cash and then put the balance into our income drawdown plan, the Retirement Cash Account, with all the benefits that provides.
Alternatively secured pensions
You can avoid buying an annuity, and control when you take your income and how much.
Further information... Who should I talk to?
Speak to your financial adviser to find out more. If you don't have an adviser, the IFA Promotion Service or the Society of Financial Advisers can help you find one.
