Home Pensions & retirement Drawdown Pension Drawdown FAQ

Your pension drawdown questions answered

Pension drawdown — the basics

What is drawdown?
How does pension drawdown work?

Managing your drawdown

How do I apply for drawdown?
How can I manage my pension drawdown?
What happens if I die during drawdown?

Accessing your pension

When can I access my pension?
How much can I take from my pension?
Can I take my pension as a lump sum?
Can I continue with my pension contributions after I start drawdown?

Pension drawdown and tax

Is pension drawdown taxable?

Pension tools and calculators

How long will pension drawdown last?
How much income could I take from my pension?

Pension drawdown fees and charges

What are the pension drawdown charges?

The value of investments and the income from them can go down as well as up so you may get back less than you invest. This information is not a personal recommendation for any particular product, service or course of action. Pension and retirement planning can be complex, so if you are unsure about the suitability of a pension investment, retirement service or any action you need to take, please contact Fidelity’s Retirement Service on 0800 084 5045 or refer to an authorised financial adviser. Eligibility to invest into a SIPP or Junior SIPP and tax treatment depends on personal circumstances and all tax rules may change in future. Pension money cannot usually be withdrawn until age 55.