Flexi-access drawdown is one of the options that you can choose as a way to access your pension. Essentially, this option involves taking 25% of your pension fund as a tax-free lump sum and then reinvesting the remainder to allow you to take a flexible, taxable income over time.
If you’re new to pensions, we recommend you have a read of our Pensions: The Basics guide before you begin this one. It gives a more complete overview of what pensions are in general terms and the options you might want to consider when accessing one.
If you’re unsure about anything or would like to find out more about Pensions, then call Henry Spain Investment Services on 01858 898023 (Market Harborough) or 01572 897510 (Oakham).