Old drawdown contracts
Drawdown has been around in various formats since 1995. However, there have in the past been restrictions on the amount that could be withdrawn. Most recently there has been capped and flexible drawdown (not to be confused with the new "flexi-access drawdown")
Capped drawdown is no longer available to new investors. But if you have one you can take capped (limited) withdrawals and still invest more than £10,000 per year. Potentially you can invest new pension funds into one too. If See capped drawdown for more details.
See capped drawdown for more details.
Flexible drawdown, is no longer available. But it is effectively the same as the new "flexi-access drawdown" - you have unlimited withdrawals.
See flexible drawdown for more details
If you have a question about pension drawdown or want to know more about flexi-access drawdown in more detail and how it can benefit you, then contact us online or phone 0800 011 2713.
If you can't find the information you're looking for on the website, or you want to know more or have a question, or just want to chat through some details about your pension then please feel free to contact us, without obligation. Either contact us online or call 0800 011 2713.