Investing in retirement
Whatever your plans for retirement may be, the good news is you now have more freedom than ever before to spend your pension savings as you wish. A popular option is to take money from your pension as and when you need it through drawdown. Here’s how you can get started with Fidelity.
Important information - please keep in mind that the value of investments 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 investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.
Your drawdown account
Drawdown allows you to take money directly from your pension pot as and when you need it. You decide how much income to take and you can vary this in line with your needs.
Our specialists can talk to you about your plans and ambitions and how drawdown works in more detail. Or, if you already have a plan in mind, they can help you put this plan in place:
- Call us on 0800 368 6882 to make an appointment with a retirement specialist. Talk to us about how much income you want to take and when and how often you want to take it. You can use our calculator to help you work out how much you can afford and how long the income could last.
- Start receiving payments. We'll look to deduct these from any cash you have in the account so it's always a good idea to have cash in there. If there's no cash in your account, or not enough to meet your payment, we will sell some from your investments and pay the proceeds to you. We’ll talk you through how this works when you give us a call.
- Manage your account. If you need to change anything down the line – such as the amount of income you are receiving or your investment choices – you can easily make adjustments. And unlike some other providers, we do not charge a fee for amending your withdrawal plan or for making changes to your investments. You can call our retirement specialists to guide you through this.
If you’d like to find out more about drawdown before you give us a call, you can request a copy of our drawdown guide.
Ready to chat?
Call us now to book a free no obligation appointment with one of our retirement specialists on 0800 368 6882. We’re available Monday to Friday from 9am to 5pm.
The Government's Pension Wise service offers free, impartial guidance to help you understand your options at retirement. You can access the guidance over the telephone on 0800 138 3944 or go online.
Important information - Tax treatment depends on individual circumstances and all tax rules may change in the future. Withdrawals from a pension product will not normally be possible until you reach age 55. 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 368 6882 or refer to an authorised financial adviser.