Income Drawdown Lancashire

Income Drawdown plans can be utilised between the ages of 50 and 75. It allows you to take the maximum tax free cash at the outset and defer your annuity purchase until, at the latest, the age of 75 . You can purchase your annuity at any time before you reach age 75.

Income Drawdown is a personal pension plan which accepts existing pension plan funds. It enables you to put off buying an annuity (an income for life) until several years into retirement.

When you start taking your pension benefits you need to decide (after taking financial advice) whether income drawdown is right for you. If it is, you put your retirement fund into an Income drawdown Plan.

For more information on Income Drawdown Pensions please contact us.

Grosvenor Partners Financial Services Ltd is an appointed representative of The M&E Network Ltd, which is authorised and regulated by the Financial Services Authority.
The M&E Network Ltd is entered on the FSA register under reference 150643

The guidance provided within this website is subject to the UK regulatory regime and is, therefore, primarily targeted at consumers based in the UK.
This site does not confer any form of personalised financial advice, should you wish to receive specific financial advice please contact us.

There are detailed rules about how and when you can take your benefits and the size of your fund. What you receive from your pension will depend on both the performance
of your fund and interest rates which will affect the rate used to buy annuities. Pension funds can go down in value

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