Why self investment might suit you
- You want to take more control over the investments you make within your pension.
- You want to spread your investment across different assets and funds with different providers.
- You want to invest directly in the stock market.
- You may run your own business and want to invest in your business premises (commercial property only) within the tax-efficient wrapper of a pension.
Why income drawdown might suit you
- You want to have more flexibility and control over when and how much pension income you take.
- You want to transfer a number of pensions into one plan.
- You want to maximise the amount of pension income available to your dependants when you die.
- On your death your benefits will be paid out to your dependants in the form of a lump sum, an income, a pension or a combination of these. The death benefit options available on your death depend on a number of factors, including whether or not you are taking income from any part of your plan when you die.
There are some risks associated with drawdown such as investment growth, mortality cross-subsidies and levels of withdrawal. For more information click
here.
Tax and legislation are liable to change. The information given here is based on our understanding of law and HM Revenue & Customs practice at the date of publication.
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