Flexi-access drawdown – New from April 2015
From April 2015 there will be a new way to access your pension benefits.
You can normally take up to 25% of your pension pot tax-free and the rest of your pot can be used for flexi-access drawdown.
Flexi-access drawdown lets you keep your pension invested, and choose a regular income and/or one-off cash payments. This gives you significant flexibility – you can start, stop or vary your payments to suit your needs and yearly tax position.