Which Pension Income Drawdown?
Income Drawdown Is a Way of Getting Pension Income When You Retire While Allowing Your Pension Fund to Keep on Growing. Instead of Using All the Money in Your...
Income drawdown is a way of getting pension income when you retire while allowing your pension fund to keep on growing. Instead of using all the money in your pension fund to buy an annuity, you leave your money invested and take a regular income direct from the fund.
How much should I drawdown from my pension?
Our research1 shows that a potentially sustainable rate is to withdraw between 4% and 5% of your household retirement savings in the first year of your retirement – and then adjust that amount every year for inflation. However, it's important to remember that this is just a rule of thumb.
What companies drawdown pensions?
The best pension drawdown provider is Vanguard, scoring a top five stars in our independent ratings. Aviva, Interactive Investor and Close Brothers Asset Management also score well, each receiving four stars.
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