Who can take an income drawdown?
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When you retire, you could take an income drawdown from your pension, but there can be risks. You will also need a certain amount of money in your fund to be able to choose a drawdown pension.
The amount of drawdowns you can take and the size of the payments will depend on your overall fund. If you have a high enough income (guaranteed for life) to meet a minimum income requirement, you could take unlimited drawdowns.
Discover more about income drawdown and annuity options
There are a number of pros and cons to weigh up when it comes to an income drawdown. Read more about the details of drawdown pensions and find out about other annuity options.
Our annuity guide can help you understand the types of annuities you may consider with an income drawdown. You'll also find answers to some commonly asked pension and retirement question in our annuities FAQ.