Withdrawing from a pension

Income drawdown

Withdrawing from a pension
Key pension facts

Income drawdown is one of the ways in which you can draw benefits from your pension once you reach age 55. With income drawdown you can take income from your pension pot and leave the rest invested to continue to grow.

There are two main forms of income drawdown: Flexi-access drawdown (FAD) and Uncrystallised Funds Pension Lump Sum (UFPLS). FAD is a more flexible way to take an income out of your pension while UFPLS is generally just used to take out lump sums.

See also our What Happens at Retirement 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:
tick red icon

Log in to our website and chat to us

tick red icon

Email us on support@myraindrop.co.uk

tick red icon

Call us on 02039517253