An alternative way for a member of a defined contribution arrangement under a registered pension scheme to take their benefits. Provided they have reached normal minimum pension age (or meet the ill-health condition), the member may use income withdrawal or buy a short-term annuity. From 6 April 2015, a member who opts for income withdrawal can choose to designate funds to a flexi-access drawdown fund or can continue to designate funds to an existing capped drawdown fund established before 6 April 2015. (Section 165, Finance Act 2004.)