Income Drawdown

Flexibility, choice and low costs

Income drawdown (also known as unsecured pension) is a higher risk but more flexible alternative to an annuity. Instead of handing your pension to an insurance company in return for a guaranteed income, you keep control, choose where it is invested and take a variable income directly from these funds.

Why choose the Vantage SIPP for Income Drawdown?

Often cited in the press as the lowest cost SIPP on the market:

• No transfer in fee when transferring from your existing provider.
• No annual fee from HL for over 1,700 funds or money held as cash.
• No annual fee for drawing an income.
• No advisory fees, offered on a non-advisory basis.
• Hundreds of pounds worth of savings on the initial charge of over 1,800 funds.

Award winning service:

• Phased or full drawdown – if you do not need your full income now it is possible to take benefits from the pension in smaller segments.
• Alter the amount and frequency of your income to suit your changing needs.
• Top up your drawdown SIPP and benefit from tax relief even when retired.
• Full online access and twice yearly statements help you keep control.
• An experienced and friendly team of experts are available to take your calls.
• Regular investment news and reviews.
• Alternatively Secured Pension available at age 75.

How does income drawdown work?

The pros and cons of income drawdown