If you’re still going to be working after you start taking money from your pension pot, you might want to continue saving into a pension to make the most of your employer’s contributions. Or even if you’re not going to be working, you might want to continue making your own contributions.
Once you’ve set up your flexi-access drawdown account, any future contributions will go into a new pension pot with The People’s Pension or join the pension savings you already have with us. So it’ll be separate from your money in your flexi-access drawdown account – you’ll be able to keep an eye on both balances through your Online Account. All of your savings, including monies held in flexi-access drawdown, will be taken into consideration when calculating your rebate on your management charge.