Pensions
What is flexi-access drawdown?
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In short: A way to keep pension savings invested while taking flexible taxable income — unlike an annuity, income is not guaranteed and the pot can run out if withdrawals or investment returns are too high.
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You crystallise part of the pot, take up to 25% tax-free, and leave the rest invested.
Flexible taxable withdrawals trigger the £10,000 Money Purchase Annual Allowance.
See flexi-access drawdown basics and drawdown income guide.
Part of our Pensions & retirement
This quick answer sits inside our wider pensions & retirement hub — with sub-guides, calculators and step-by-step explainers on the same topic.
Read the full pensions & retirement guide →