Key pension facts

Drawing benefits

Withdrawing from a pension

This simply means withdrawing money from your pension pot, which can normally happen as early as your 55th birthday. You can draw benefits as an annuity or as income drawdown, and you can normally take a quarter of the pot as a tax-free lump sum (see Pension Commencement Lump Sum (PCLS)).

See also our retirement planning blog post.

We’ll never leave you high and dry

Our customer support team is rated "Excellent" and is always on hand to help you during the setup process and once you have your new pension. There are 3 ways you can contact us:
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Log in to our website and chat to us

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Email us on support@myraindrop.co.uk

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Call us on 02039517253