Income drawdown

Flexibility, choice and low costs

Income drawdown (also known as unsecured pension) is a more flexible but higher risk 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.

Income drawdown is available from Hargreaves Lansdown with the Vantage SIPP. This gives you an award winning combination of low costs, flexibility and great service.

Why the Vantage SIPP for income drawdown?

There's no fee for transferring your existing pensions, no additional annual fee on over 2,000 funds or money held as cash and no annual fee for drawing an income.

Plus, as you make all the decisions yourself, there are no charges for advice or commission to pay. All this means more of your money stays invested and working for your retirement.

• Low charges help you to keep more of your money invested
• You could save hundreds of pounds on the initial charge of over 2,000 funds
• Alter the amount and frequency of your income to suit your changing needs
• Top up your income drawdown SIPP and benefit from tax relief even when retired
• View, monitor and manage your pension online at any time

If you are at all unsure of the suitability of income drawdown we strongly suggest you seek advice. Our advisory help desk will be happy to give you more information and can be contacted on 0117 317 1690.