Is Capped Drawdown Still Available?

Capped drawdown used to be a way of taking an income from your pension pot where the money in your pot was invested and you would receive an income from the pension pot. It's no longer available but if you're already in capped drawdown, you can continue to use it.

Can you top up capped drawdown?

When topping up a capped drawdown arrangement, the additional designation will cause the maximum income available, calculated at 150% of the GAD rate, to be reset for the remainder of the review period. The new maximum will apply immediately if it is higher.

Can you contribute to a capped drawdown pension?

Tax relief on capped drawdown pensions: as long as you stay below your maximum withdrawal limit or 'cap' you can continue contributing to your pension as you did before you began accessing your savings.