Flexi-access drawdown

Where will my pension savings be invested whilst in flexi-access drawdown?

We’ll use your selected retirement age and the same investment choice you made for your pension with The People’s Pension …

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Can I transfer my other pension savings into flexi-access drawdown with The People’s Pension?

You can transfer your other pension savings into The People’s Pension to be used for flexi-access drawdown if they are …

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How does flexi-access drawdown work with The People’s Pension?

To access your pension savings via flexi-access drawdown, you must be 55 or over and have a minimum pension pot …

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What happens to the money in my flexi-access drawdown account if I die?

You can nominate someone to be considered to receive your pension savings if you die – called your ‘beneficiary’. If …

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How many lump sums can I take from my flexi-access drawdown account?

You can only take one withdrawal per tax month from your flexi-access drawdown account. No charges are currently applied for …

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How much money can I take at a time from my flexi-access drawdown account?

You must take a minimum of £2,000 each time you take a lump sum from your flexi-access drawdown account with …

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What is flexi-access drawdown?

Flexi-access drawdown allows you to use your pension pot to provide flexible withdrawals. Using flexi-access drawdown you take 25% tax-free …

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How do I access my flexi-access drawdown account?

Once you’ve set up your flexi-access drawdown account, you’ll be able to log in to your Online Account to check your balance …

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What tax will I pay if I use my pension savings for flexi-access drawdown?

When you first designate to flexi-access drawdown, you’ll take 25% of your pension pot as a tax-free lump sum. After …

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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 …

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