Flexi-access drawdown
How does flexi-access drawdown work with People’s Pension?
To access your pension savings via flexi-access drawdown, you must be 55 or over and have a minimum pension pot …
Where will my pension savings be invested while in flexi-access drawdown?
We’ll use your selected retirement age and the same investment choice you made for your pension pot for your flexi-access …
Can I transfer my other pension savings into flexi-access drawdown with People’s Pension?
Yes, you can transfer your other pension savings into People’s Pension to be used for flexi-access drawdown. Find out more …
How many lump sums can I take from my flexi-access drawdown account?
You can take one withdrawal a tax month, either as a lump sum withdrawal or regular income from your flexi-access …
How much money can I take at a time from my flexi-access drawdown account?
If you’re taking lump sum withdrawals, you need to take at least £200 each time. But for a regular income …
What is flexi-access drawdown?
Flexi-access drawdown allows you to use your pension pot to provide flexible withdrawals. Using flexi-access drawdown you can usually take …
How do I access my flexi-access drawdown account?
Once we’ve set up your flexi-access drawdown account you can start taking lump sum withdrawals or set up a regular …
What tax will I pay if I use my pension savings for flexi-access drawdown?
Using flexi-access drawdown you usually take up to 25% tax-free lump sum up front either in small chunks or in …
What are the differences between FAD and UFPLS?
Both flexi-access drawdown (FAD) and uncrystallised funds pension lump sum (UFPLS) are ways of taking your pension pot a bit …