Flexi-access drawdown

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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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 while building your 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 many lump sums can I take from my flexi-access drawdown account?

You can take one lump sum a tax month from your flexi-access drawdown account. For example, from 6 May to …

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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 £200 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 can usually take …

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How do I access my flexi-access drawdown account?

Once we’ve set up your flexi-access drawdown account, following your first withdrawal, you’ll be able to log in to your …

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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 cash up front either a bit at a time or …

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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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