You can choose to move your money to another pension pot and take an income from it. Any money left in your pension pot remains invested, which may give your pension pot a chance to grow, but it could go down in value too.
A quarter of your pension pot can usually be taken tax-free and any other withdrawals will be taxable whether you take them as income or as lump sums. You can choose to purchase Utmost Drawdown or you can choose to transfer to a different pension provider to do this. You do not need to take a regular income. You can find out more about Utmost Drawdown in the documents below.
Utmost Drawdown Policy Terms & Conditions
General Information Leaflet - Utmost Drawdown Plan
If you are interested in finding out more about your pension options then please Get in touch
