Flexible drawdown

A form of drawdown pension (www.practicallaw.com/7-507-1079) that was available between 6 April 2011 and 5 April 2015 for a member of a defined contribution (www.practicallaw.com/6-107-6072) arrangement under a registered pension scheme (www.practicallaw.com/5-201-6474). If a member satisfied a statutory minimum income requirement, there was no limit on the annual income a member could withdraw under flexible drawdown. This option has been superseded since 6 April 2015 by the flexi-access drawdown fund (www.practicallaw.com/1-602-0845). (Section 165, Finance Act 2004.)

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