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Pension Drawdown Explained: What It Is & How It Works 🎬 In this series, we’re making pension drawdown simple: ✅ What pension drawdown means ✅ How drawdown differs from other pension options ✅ What makes a good drawdown strategy ✅ Who pension drawdown could be right for If you’re exploring your retirement income options, this series will help you understand whether drawdown could work for you. 📲 Watch Part 4 now and take the next step to getting clarity on your pension choices. #pensions #pensi
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Pension Drawdown Thinking about taking money from your pension? Here’s the truth: £10,000 doesn’t always mean £10,000. With pension drawdown you can normally take 25% tax-free. The rest is taxed as income, which means: • With unused personal allowance you could keep the full £10,000 • As a basic-rate taxpayer you might keep around £8,500 • As a higher-rate taxpayer you could be left with as little as £7,000 👉 Drawdown gives you flexibility and control — your pot stays invested, and you can take
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