Flexi-Access Drawdown

A method of taking benefits from your pension, whereby your assets remain invested and your pension income comes from your invested funds or by cashing in some assets within your pension. It can give you more flexibility over how and when you receive your pension. You can take up to 25% of the scheme as a tax-free lump sum and the rest of your funds remain invested. You can then decide if you want a regular income, or withdrawals as and when you need them, with no maximum other than the remainder of your fund.

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