Henson Crisp taking care of your future, offering specilaist retirement advice in Peterborough and London

Income Drawdown

Income drawdown is an alternative to buying an annuity, where you leave your pension invested and draw an income from it.

Since April 2015 you don't have to use your pension pot to buy an annuity; there are alternative means of taking your retirement income. On reaching 55 you may now withdraw as much of the money as you wish to from the sum which you have saved into your pension.

You can use your pension pot to provide you with a regular retirement income by reinvesting it in funds specifically designed and managed for this purpose. Though the income you get will depend on the fund's performance. It isn't guaranteed income for life.




How income drawdown works

You can choose to take up to 25% (a quarter) of your pension pot as a tax free lump sum. You then move the rest into one or more funds that allow you to take an income (which is subject to tax) at times to suit you. Most people use it to take a regular income. The income you receive may be adjusted periodically depending on the performance of your investments.




Risks of Income Drawdown

Income drawdown is not guaranteed for life: you will only be able to obtain an income so long as you have a pension pot.




The value of investments and the income from them may go down. You may not get back the original amount invested.

Henson Crisp Limited

Telephone: 01733 355120 / 02036 377140
Email: enquiries@hensoncrisp.com

Registered Office:
Peterscourt, City Road, Peterborough, Cambs, PE1 1SA. Registered in England, No. 06266686

Offices in both Peterborough and London.

Financial Advice for individuals and companies.

Site Disclaimers

No investment decision should be taken based on the content of this site. Always take full individual advice first.

Henson Crisp Limited cannot be held responsible for the accuracy of the content of external websites.

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

Regulatory Statement

Henson Crisp provides Independent Financial Advice.

Henson Crisp Limited is authorised and regulated by the Financial Conduct Authority (register.fca.org.uk/). Financial Services Register No: 469175

Our alternative dispute resolution provider is the Financial Ombudsman Service.
Their website is financial-ombudsman.org.uk