Pension drawdown and you

The flexible way to make the most of your retirement savings.

We are authorised and regulated
by the Financial Conduct Authority

Your no obligation pension check

Discover the best pension option for you from 55,
with no commitment upfront.

Get Started

We are authorised and regulated
by the Financial Conduct Authority

Be pension flexible: 5 key facts

Pension drawdown means from 55 you can take money from your pot whenever you like
The first 25% is tax free; after that each withdrawal is subject to income tax
You can set up a regular income payment, or take your money as and when you need it
The money left in your pot remains invested, with the aim of growing these investments as much as possible
Nominate who will receive any remaining funds in your pot when you die

Taking pension money early isn’t right for everyone because it could leave you with less to live on in retirement. That’s why it makes sense to talk with an independent and regulated adviser, such as Portafina, first. Tax is based on current HMRC regulations and is subject to change.

Managing pension drawdown

Get to grips with pension drawdown, how it works and why it makes sense to ask a financial adviser to manage everything for you.

Is pension drawdown right for you?

While there’s a lot to like about pension drawdown, the flexibility on offer can create a number of challenges.

You could end up with a large tax bill
You could run out of retirement savings too soon
Your pension investments need regular management

This is why so many people ask an independent and regulated financial adviser for help.

Get started for free

We can check to see if pension drawdown is right for you. Our initial investigation into your pension is free. And in most cases we can continue to provide full advice with no obligation. At any stage you can choose to walk away, better informed and with nothing to pay.

Get started

How it works in 3 easy steps

With our no obligation pension check discover if pension drawdown is right for you.

Your permission

Complete and return a simple form giving us your permission to check your pension.

Our boffins

Our specialists gather and analyse all the information we need about you and your pension.

Your decision

We’ll send you a report, clearly stating what we think you should do. The choice is then yours.

If you decide to enter pension drawdown and release some of your savings, we can take care of everything. This includes managing your pension for you. We would let you know in writing what the fee would be. Or, you can choose to walk away with nothing to pay.

Pension drawdown:

Get to grips with the possible benefits of pension drawdown, how it works and the main things to consider with this quick and simple guide.

Download your free copy today!

Greater protection for you and your pension

Through Portafina, your pension savings are protected by the Financial Services Compensation Scheme up to £85,000 in the event your scheme provider fails. You also have access to the Financial Ombudsman Service, which means additional security around the advice we give you.