Flexible Access Drawdown (FAD)
Unlock a tax-free lump sum of up to 25% of your pension pot while keeping most of your savings invested. With the Flexible Access Drawdown, you can access your income whenever needed, allowing you to adjust your withdrawals per your changing financial situation.
Find answers to your most pressing questions about our pension planning services and process. The information provided in these FAQs does not constitute professional financial advice. We strongly recommend that you consult a professional adviser before proceeding with a financial transaction.
How much can you draw down from your pension each year?
What are the tax rules for flexi access drawdown?
Generally, you can draw up to 25% of the value of your savings as a tax-free lump sum. Any additional withdrawals are taxed as income and subject to standard tax allowances and rates. Withdrawals from a pension are not assessable for National Insurance, just Income Tax.
Note that this tax treatment depends on your circumstances and may be subject to change in future.
What are the main risks with a drawdown pension?
What are the pros and cons of a flexible access drawdown pension?
On the downside, a drawdown pension is complex and requires annual reviews; although not legally mandated, consulting a professional adviser may simplify management. Furthermore, there is no assurance that your income will match current annuity offerings, and the value of your investments and your potential income can fluctuate, impacting your retirement withdrawals. Additionally, there is a risk of outliving your savings as increased longevity may deplete your fund faster. Given the complexity of this area and the significant consequences of making poor decisions, We highly recommend you seek advice from a qualified professional before proceeding with a flexible access drawdown.
What's the differnece between flexi-access drawdown (FAD) and UFPLS?
Flexi-access drawdown and UFPLS, or Uncrystallised Funds Pension Lump Sum, are two distinct options for accessing your pension savings, each with benefits and considerations. Flexi-access drawdown allows you to withdraw money from your pension pot while keeping the rest invested, giving you flexibility in how much and when you take your income, which can help manage cash flow over time. In contrast, UFPLS enables you to take lump sums directly from your uncrystallised pension funds, where each withdrawal consists of tax-free cash and taxable income, offering a straightforward and immediate way to access your funds without setting up a drawdown arrangement. Understanding these differences is essential in making informed decisions that align with your financial goals and retirement plans, and it’s always wise to consult with a financial advisor to determine the most suitable approach for your circumstances.
Is an annuity better than flexi-access drawdown?
When considering whether an annuity is better than a flexi-access drawdown, it ultimately comes down to your personal financial goals, risk appetite, and lifestyle needs during retirement; annuities provide guaranteed income for life, offering peace of mind and simplicity, while flexi-access drawdown allows for greater control and flexibility over your withdrawals, catering to those who prefer to manage their investments actively and potentially leave a legacy. Understanding the nuances of each option is crucial, and our experienced team is here to help you weigh the benefits and drawbacks tailored to your unique circumstances, ensuring you make a decision that aligns with your future aspirations.
Get Expert Advice Today
Embark on your path to a brighter financial future with a complimentary consultation at Fintegrity. Our dedicated team specialises in personalised financial planning that demystifies complex issues, enabling you to make confident decisions. We are committed to your success. Reach out to us today.

Why Choose Fintegrity
Our services are designed to provide peace of mind and financial security for you and your loved ones.
Personalised Approach
We tailor our strategies to meet your unique financial situation and goals.
Experienced Advisors
Our dedicated team comprises highly skilled professionals with a wealth of experience in financial planning.
Proactive Planning
We emphasise innovative strategies designed to enhance your investment performance while effectively reducing the burden of taxes.
Transparent Communication
We ensure clear and straightforward communication, keeping you informed every step of the way.
What Our Clients Say
I am so grateful for everything, Neil (including the ongoing advice and support).
Peter
To say the level of service is exceptional would be an understatement. Communication was clear and transparent all the way through with good help and advise and he was always quick to reply to emails or messages throughout the journey.
Would happily recommend to other businesses and people needed financial advice.
Get Expert Advice Today
Embark on your path to a brighter financial future with a complimentary consultation at Fintegrity. Our dedicated team specialises in personalised financial planning that demystifies complex issues, enabling you to make confident decisions. We are committed to your success. Reach out to us today.

Expert financial planning advice is essential for securing your future in a world of financial change. Whether managing investments, planning for retirement, or providing financial security for your family, professional guidance can help you make informed decisions aligned with your goals, giving you the confidence to enjoy life, knowing your financial health is in capable hands.
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