Pension drawdown calculator
Want to know how much your pension income could be if taken flexibly?
How does our pension drawdown calculator work?
Our pension drawdown calculator provides a helpful plan of what income you could get if you’re looking to take your pension pot flexibly.
For an in-depth view of all your pension and retirement options, now and in the future, we recommend getting professional retirement planning advice. We have a team of expert advisers who provide trusted advice to get your plans in order. They’ll help you tackle retirement with confidence and ensure you’re making the right choices with your pension savings.
Looking to take your pension flexibly?
Our pension drawdown calculator creates a bespoke plan
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Handy hints for using our pension drawdown calculator
- Step 1: Allow yourself some time and have all your pension information with you.
- Step 2: You’ll just need to tell us a bit about yourself, including your appetite to risk and the type of retirement you want to aim for.
- Step 3: Add your email address to have a copy of your plan emailed to you.
Features of pension drawdown
What else do you need to consider? It’s not just what’s in your pension pot that counts…
- Income drawdown suits people are who are prepared to take some investment risk in return for a potentially higher income or people who want the flexibility to vary their income and dip into their savings from time to time.
- The income you take can vary; you can choose to receive this regularly, make occasional withdrawals or take nothing at all. It’s entirely up to you.
- Your income isn’t guaranteed as your investment can go up as well as down. You could also run out of money in retirement.
- Income and investment options need to be reviewed on a regular basis to make sure they still meet your needs.
- Aside from your 25% tax-free lump sum, you can get taxed as you would from any other income sources.
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