Annuity Comparisons for Women

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Income Drawdownannuities-information
Income Drawdown

You can choose income drawdown (sometimes known as phased retirement) as an alternative to an immediate annuity purchase.

With this arrangement, you should first take your tax-free cash element, (it cannot be taken later), and the balance remains in your selected pension fund. There is an exception to this in the case of phased drawdown, whereby your tax free cash and income requirements can be combined. You can now draw down a chosen amount of between 0 and 100% of the calculated single person's annuity value for the remaining fund. The residual fund can be converted into an annuity when you choose to end the income draw-down arrangement.

Income draw-down is definitely not a suitable option for all. It is essential that any individual obtains the appropriate level of advice before committing to this course of action. Investments can go down as well as up and are not guaranteed.


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Fund before tax free cash taken (min. £30,000) IMPORTANT: For funds under £30,000 please visit Annuity Answers

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FSA Number: 460094 Co Reg No: OC323180. On behalf of Ingard IFM LLP, Ryan House, 18-19 Aviation Way, Southend-On-Sea, Essex, SS2 6UN. Ingard Independent Financial Management is regulated by the FSA, covered by the Financial Ombudsman Service and Financial Services Compensation Scheme - details available on request.