Income drawdown vs an annuity – or both?
How to invest your pension and live off it in retirement

Do you want investment growth AND a guaranteed pension? How to combine drawdown and annuities to maximise retirement income

Income drawdown depends on investment performance, and though this is more likely to be successful the longer you are invested, the returns to your fund will be volatile from one year to the next.

There are no guarantees, but you have control over the level of income you receive and can vary it over time.

From a £75,000 fund you could expect a drawdown policy to provide an annual income from age 69 of around £6,100 which may last until 90 if investment performance is good.

An annuity does provide a guaranteed level of income until you die, but the annual figure would likely be lower at around £5,750 per annum at current rates.

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For me it’s a dividend re-investment plan every day, thru thick and thin.

There will be plenty of thin.

If investment performance is good.

Do u really want to gamble your retirement income of the vagaries of the market ?

With a 75k pot