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Pension Drawdown - Putting retirement into your hands


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The Pension Drawdown Company
(as featured in the Daily Telegraph)
have been Pension Drawdown Specialists for over 15 Years
with a combined financial services experience
within the team of over 130 years

What is Pension Drawdown?

A Pension Drawdown is a personal pension plan which allows you to access your pension to provide a variable income stream whilst keeping your pension funds invested and under your control. They have existed in various forms since 1996 but April 2015 heralded the biggest changes to pension drawdown products in a generation.

The April 2015 changes to pensions granted Pension Freedom to everyone – the right to access your pension from the age of 55 in the way that you choose.

New products have been introduced to reflect the new pension freedoms and now more than ever it is important to take regulated financial advice from experienced professionals to ensure you are making the right decisions for your future.

The main retirement providers are still in the process of launching their revised and enhanced new products including –

  • Flexi-Access Drawdown
  • Uncrystallised Fund Pension Lump Sums
  • Guaranteed Income Drawdowns
  • Annuities with 20 & 30 year guarantees
  • New products allowing "Blended Approach" of annuity, drawdown and cash account

It is important to make sure you are taking advice from regulated and experienced professionals who are aware of all the latest products.

Many of the older types of pensions do not offer the new income flexibilities or death benefit flexibilities of the new Pension Freedoms, whilst others might offer valuable guarantees. Other than your home, your pension is most likely to be your most valuable asset, and it is outside of your estate from an Inheritance Tax perspective. The latest changes to pensions means that if you die before age 75 it is possible to leave your pension tax-free to your nominated beneficiaries.

What if I am already in Capped Drawdown?
What if I am already in Flexible Drawdown?

If you would like to speak to a friendly advisor about Pension Drawdown, please call us free on 0800 03 04 008, or send us an email.

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Reviews and Ratings for Financial adviser Jonathan Walker, Torquay
Independent Financial Adviser (IFA) at VouchedFor Top Rated Award

Pension Drawdown Calculator

You can use our drawdown calculator to calculate how much income you can obtain from your pension pot.

This drawdown calculator uses the the 2011 GAD Rates table as per the HMRC specification. We obtain the current GAD rate itself from Scottish Life.

Please note that the GAD calculator is only relevant for those already in Capped Drawdown and wishing to remain in it.

The drawdown calculator is free to use. We never pass on or share your details to any third party.

The value of investment and income from them may go down.
You may not get back the original amount invested.

Award Winning Chartered Financial Planners

Jonathan Walker is one of Britain’s top rated financial advisers having received the highest volume of positive client reviews on VouchedFor in the last 18 months and as featured in The Mail on Sunday newspaper.

The Pension Drawdown Company is an award winning Chartered practice. So what does it mean to work with a Chartered Financial Planner? What are the benefits? Watch our video below to find out:

This video is provided by the Chartered Insurance Institute (CII) and therefore neither The Pension Drawdown Company nor TenetConnect Limited are responsible for the content.

Pension vs ISA: A comparison and case study

The introduction of the new freedoms means pensions have recently become a much more attractive savings option.

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Changes to pensions arrangements for the over 55s are certainly a hot topic

The Government has shaken up the rules that will affect everyone coming up to retirement and some already in retirement. These changes are due to take effect from April 2015.

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George Osbourne is Scrapping the Death Tax

In April 2015, the Chancellor will scrap the "punitive" 55 per cent rate on drawdown pension funds due when the holder dies. Dr. Ros Altmann, the pensions expert and Government adviser for older people, said: "This is another great piece of news for pension savers".

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UK Budget 2014

For the first time since he entered No11 Downing Street, the Chancellor of the Exchequer has been able to give a budget speech that contained some welcome news. Pensioners will be better off as they will no longer be required to purchase annuities and they will be able to draw down on their pension without risking incurring charges.

Read More »


There are many different types of pensions, including Personal Pensions, Final Salary Schemes, as well as several others. Some key features of a pension include:

  • A tax-efficient way of saving for retirement
  • Tax relief is available on contributions
  • In most cases you can transfer and consolidate your plans to alternative providers at any time
  • Choice of options when you reach retirement – Drawdown or Annuity

Read More About Your Pension Options »

Retirement Options Guide

Pension Drawdown PDF Guide to Download
Download our comprehensive retirement options guide by clicking on the above image.


Buying a Pension Annuity means that you are converting your pension fund into an income that will be paid for the rest of your life. A Pension Annuity is a Secured Pension because the income amount is guaranteed for life, unlike a Drawdown plan which is an Unsecured Pension (USP).

A Pension Annuity can be purchased with the entire pension fund that is available or it can be from funds after the tax-free cash (usually 25%) that you are entitled to has been taken. The amount of income you are entitled to will depend on the Pension Annuity rate at the time of purchase. The Pension Annuity and its terms are fixed at the outset whereas a Drawdown plan allows you to vary the income payments.

Read More About Your Annuity Options »

Latest news provided by:

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The information contained to the left is provided by Schroders. Neither The Pension Drawdown Company Ltd nor TenetConnect Limited are responsible for the accuracy of the information contained within this commentary.

Quote of the week

It has been one of the best decisions in my life to entrust my 40 years of pension contributions to The Pension Drawdown Company

Marcus Sheldon - Broughton-in-Furness, Cumbria (Retired IT Manager)

Read more of our client testimonials here