Drawdown

Explore our range of drawdown options to help meet your client needs.

Why consider us for Drawdown?

  • A full suite of drawdown flexibility through our SIPP products
  • A full range of death benefits
  • Our phased drawdown options may help your client maximise tax efficiency or death benefits
  • An automated drip-feed feature for insured funds further helps to maximise tax efficiency
  • Withdrawals are normally paid within 5 working days, including tax-free lump sum payments; ad hoc payments and changes to income levels
  • Flexible adviser charging to clients for your services in a way that suits you both

Login to get a quote, apply for new business and set up a new drawdown instruction

You can also login to submit online applications for SIPP and AMPP. You can also login to top up payments for customers with existing SIPP and AMPP plans. Your client's details will be pre-populated using their existing plan number, saving you time.

Drawdown options

The pension rules provide a range of options on how income can be taken. We make it easier for you to customise for your client needs.

Flexi-access drawdown - Take all or some of the tax free cash entitlement and use the remaining funds to provide a flexible income

Ad-hoc withdrawal - Uncrystallised funds pension lump sum (UFPLS) style payment.  They can take all or part of the pot – part of that payment will be tax free (normally 25%) and the remainder will be taxed at the client's marginal rate

Capped drawdown - Existing Capped drawdown clients can remain in capped drawdown, maintaining their annual allowance and taking income payments in line with GAD

Tailored drawdown - Regular income made up of any combination of tax-free and taxable income, within legislative limits.

 Learn more about tailored drawdown option

Eligibility

  • The pension pot must be at least £30,000 for AM SIPP and £25,000 for AMPP (subject to change in the future).  The FCA recommends a minimum of £100,000 so other sources of income should be considered.
  • The minimum age before any benefits can be taken is normally 55 (subject to change in the future) – there is no upper age limit.
  • New applicants must be UK residents.