What you need to know

Summary

• You choose to take up to 25% of the pot as tax-free cash
• The rest is invested in one of our investment pathways
• You may withdraw it in regular amounts, dip in as you need to, or save it for later
• We charge an annual fee of between 0.4% and 0.6%, depending on the investment pathway you select
• You have a 30 day cancellation period in case you change your mind, once your tax-free cash has been paid you won't be able to cancel.

It’s important to shop around and get as much guidance and advice as you need before you make a decision on what is best for you. Other providers may have more appropriate products or be able to offer a higher level of retirement income.

Full details of drawdown are available in the Pension Key Features Document (PDF) and Terms & Conditions (PDF).