Pension drawdown adviser
A flexible way to keep your pension invested, while taking an income from it
When you retire, you’ll have a range of options available that allow you to access the money you saved up in your pension over the years.
Pension drawdown is one of the most popular options, because it can provide a flexible retirement in terms of how and when you take your income, while leaving the remainder of your retirement fund invested – and therefore able to continue growing.
Many people value choice in their retirement, in terms of how much money they take from their pension fund, and when. For example, you may need more or less pension income at different stages. You may start off semi-retired (and keep earning alongside your retirement income), your spending may go up or down over time, or you may develop expensive care needs.
This could make the flexibility offered by a drawdown arrangement preferable over an annuity contract, which provides a guaranteed annual income but cannot be changed at a later date.
or call: 0800 915 0000
But pension drawdown isn't right for everyone...
Alongside the advantages of pension drawdown, there are some potential drawbacks too. One of the most obvious disadvantages is that because the fund remains invested, its value can fall as well as rise.
The impact of any losses to your fund will be made worse by the fact you’ll be taking money out of it, and it will have less time and capacity to recover from those losses. You will also be exposed to tax charges and pension contribution limits, and you may need to pay for regular reviews to ensure your arrangements remain up-to-date.
Pension drawdown isn’t automatically available or appropriate for everyone, so it’s important to speak to a professional financial adviser before deciding the best way of taking your pension.
Articles related to
Pension drawdown adviser
10 November 2024
Is £500k enough to retire on?
You’re on track to save £500k for your retirement. It sounds like a lot, but is…
7 November 2024
How much should I have in my pension pot at 50?
We explore how much you should aim to have in your pension pot at 50, and the…
21 July 2023
Why now is a good time to review your retirement plan
Changes to the Pension Lifetime Allowance and Annual Allowance mean you can put…
12 May 2023
Changes to the lifetime and annual pension allowances: What does it mean for you?
If your pension pot is on track to reach £1 million, find out how you could…
11 April 2023
How does the 2023 Budget affect your pension and retirement planning?
The Spring Budget 2023 included several changes that impact pension savings –…
5 April 2023
What’s the difference between UFPLS and flexible pension drawdown?
When you retire, it’s essential that you understand all your options. This…
4 April 2023
A Brief Guide to Pension Drawdown
What is pension drawdown, and is it better than buying an annuity? Find out…
15 August 2022
Investing for income after you retire
If you're about to retire you should switch your investment strategy to one…
28 June 2022
Financial planning in your 60s
The financial expert you choose largely depends on your needs – but one thing…
24 June 2022
How much should I have in my pension at 40?
Turning 40 can be a wake-up call for your retirement savings. Learn how to…
10 June 2022
Financial planning in your 30s
The financial expert you choose largely depends on your needs – but one thing…
18 May 2022
Can I withdraw my pension before 55?
If you decide to withdraw money from your pension early, you are likely to be…
3 May 2022
Why a pension is a good starting point for your financial plan
Putting money aside for later life should be the cornerstone of your financial…
3 May 2022
The Pros and Cons of Combining Multiple Pension Pots
Combining multiple pensions in one place (pension consolidation) makes them a…
13 April 2022
When should I start saving for retirement?
What you need to start thinking about in your 20s, 30s, 40s, and even 50s, to…
30 March 2022
Pensions for the self-employed
If you're self-employed and want to give yourself the best chance of getting…
28 March 2022
Supercharge your pension tax relief like a superhero
Are you making full use of the tax relief allowance on your pension? If not,…
24 March 2022
How much should I save for a pension?
If you're self-employed and want to give yourself the best chance of getting…
What our clients say
BR Wombourne
We’ve been using Mark and his team for many years and are so impressed with their caring professional service. We fully entrust our risk management and retirement planning with them. It is a comfort to know that our investments are in good hands.
We’ve been using Mark and his team for many years and are so impressed with their caring professional service. We fully entrust our risk management and retirement planning with them. It is a comfort to know that our investments are in good hands. BR Wombourne
IL Kidderminster
Mark and his financial planning team have been advising me for many years. I’m delighted with the service they provide and I can highly recommend them.
Mark and his financial planning team have been advising me for many years. I’m delighted with the service they provide and I can highly recommend them. IL Kidderminster
CC Evesham
Mark has been our Financial adviser for 16 years, and during this time, Mark and his team have acted in a thoroughly professional yet friendly manner. We trust him implicitly and have seen our investments prosper. We would recommend Unity, wholeheartedly, to anyone needing financial assistance and advice.
Mark has been our Financial adviser for 16 years, and during this time, Mark and his team have acted in a thoroughly professional yet friendly manner. We trust him implicitly and have seen our investments prosper. We would recommend Unity, wholeheartedly, to anyone needing financial assistance and advice.CC Evesham
RB Redditch
I needed some help with retirement planning and found Mark and his team to be reliable and friendly to deal with. I received sound and practical advice which has given me peace of mind with my retirement saving.
I needed some help with retirement planning and found Mark and his team to be reliable and friendly to deal with. I received sound and practical advice which has given me peace of mind with my retirement saving.RB Redditch
Need pensions advice?
Speak to a pensions expert. Call us on:
Request a callback from one of our expert advisers
Find an adviser
Where and how we meet depends on whatever’s most convenient for you, but we have a number of locations around the UK if you’d prefer to come to us.
Other services we offer
We provide a complete range of financial services with specialists in every category so that we can match you with the most suited adviser for your needs
Money
Savings and investment planning that helps you set and achieve life goals
Read More
Peace of mind
Protection for you and those who rely on you
Read More
Pensions
Financial freedom is the goal, but what's the best way of achieving it?
Read More
Retirement
When work stops, life continues. With careful planning, we can make sure you enjoy a fulfilling retirement.
Read More
Legacy
Opening up a world of opportunity for your kids and theirs
Read More
Small, but important print
Registration Number 03776035
Registered in England and Wales
Amber River Group Limited is not authorised to give financial advice. The financial planning businesses who are part of the Amber River Group are separately authorised businesses and therefore able to give advice.
You’ll find details of the regulated status of our firms, including FCA numbers and links to the Financial Services Register on each of the location pages in the ‘Find an adviser’ section.
The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.
The information contained within this site is subject to the UK regulatory regime and therefore targeted primarily at UK-based consumers.
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Find full details of the FOS at www.financial-ombudsman.org.uk
Please read our Privacy Statement before completing any enquiry form or emailing us.