An income drawdown is an alternative investment contract to a traditional annuity. You might prefer it to an annuity because it gives you more flexibility and control over your options. Benefits of an income drawdown

An income drawdown allows you to keep some of your pension fund invested - giving you potential profits from market growth and access to your scheme provider's advice - while taking a regular income from the rest.

You're eligible for income drawdown once you reach 55. Like any investment it doesn't come without risk but it could be a good option if you:

• Have a larger pension, perhaps £100,000 or more, which you want to continue to invest and don't mind taking the risk that comes with falling markets
• Want the flexibility of being able to vary your income as your situation changes
• Want to have control over when you buy an annuity
• Would like to continue to actively manage your pension
• Have another income
• Want to get the most out of the death benefits your family would get and choose how they receive them
• Are unwell and want your remaining assets, after tax, to go to your estate.

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