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 …
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 …
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 …
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 …
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 …
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, following your first withdrawal, you’ll be able to log in to your account online …
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 …
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 …