What's in the guide?

We explain the three main strategies for taking income, and include our favourite investments to complement each one. It could help you achieve your goals, but it’s not personal advice.

What does drawdown offer?

Drawdown is one of the most flexible ways to access your pension. But it takes careful management to make it work for you.

This guide will help you answer the two big questions for drawdown investors:

• How much should you withdraw?
• Where should you invest?

What you do with your pension is an important decision that you may not be able to change. You should check you're making the right decision for your circumstances and that you understand your options and the risks. Drawdown is a higher risk option than an annuity. The government's free and impartial Pension Wise service can help you and we can offer you advice. The information on our website and this guide are not personal advice. The value of your investments can go down as well as up so you could get back less than you invest.