Pension Drawdown with Fidelity

A flexible approach to the retirement you want

Access pension savings for free with our low cost plan

If you have a pension pot of £50,000 or more and are being charged to withdraw your money, consider transferring to a Fidelity Self-Invested Personal Pension (SIPP). All you’ll pay is the fund managers’ ongoing charges and our low-cost service fee (typically 0.35% or 0.2% for £250,000 or more).

  • No annual drawdown fees
  • No one-off withdrawal fees
  • No set-up fees
  • You can take part of your savings tax-free (usually 25%), and any other withdrawals are taxed as income in the tax year in which they’re taken.

Our retirement specialists can support you with general guidance or give you personalised advice and investment recommendations. To contact a specialist or find out more about fees and charge please visit our retirement pages.

Is pension drawdown for you?

pension-drawdown-calculator

Use our Pension Drawdown Calculator to find out what income your pension could provide and how long your pension could potentially last.

You can even get an estimate of how much of your pension might be left for your loved ones.

Ready to discuss drawdown?

We’re here to help you understand how to make the most of your pension savings. Simply get in touch with our retirement experts for a FREE drawdown illustration.

 0800 368 6889

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 Monday to Friday, 9am to 5pm    

Pension Wise

The Government's Pension Wise service offers free, impartial guidance to help you understand your options at retirement. You can access the guidance online at www.pensionwise.gov.uk  or over the telephone on 0800 138 3944.

Need retirement advice?

Important information

This information is not investment advice or a recommendation for any particular product, service or course of action. Pension and retirement planning can be complex, so if you are unsure of the suitability of a pension investment, retirement service or any action you need to take, please contact Fidelity’s Retirement Service on 0800 368 6882 or refer to your financial adviser.

The value of investments can go down as well as up and you may get back less than you invested. Eligibility to invest into a pension depends on personal circumstances and all tax rules may change. With pension products you will not be able to withdraw money until you reach age 55.

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