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Income in Retirement


Income Drawdown

If you're about to retire, you'll want to find out about the retirement income options you have from your pension fund. Standard Life offers a choice of taking guaranteed regular retirement income from an annuity or putting your pension fund into a SIPP where you can drawdown retirement income directly from the fund.
 
fund your pension into a guaranteed income

Annuities

Buy an annuity with one or more pension funds that you've built up, or with a lump sum from your savings. An annuity offers you a regular retirement income guaranteed for the rest of your life.

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Income Drawdown

Instead of buying an annuity you might want the flexibility of income drawdown from a Self Invested Personal Pension (SIPP). You can usually take income drawdown from Standard Life's SIPP if you have a pension fund of £50,000 or more.

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This website is intended for the information of residents of the United Kingdom. Standard Life Assurance Limited (SC286833), Standard Life Bank Limited*, (SC173685), Standard Life Client Management Limited (SC193444) and Standard Life Savings Limited (SC180203) are all registered in Scotland at Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH. Standard Life Investments Limited (SC123321) and Standard Life Investments (Mutual Funds) Limited (SC123322) are both registered in Scotland at 1 George Street, Edinburgh EH2 2LL. All companies authorised and regulated by the Financial Services Authority (* except for Standard Life Bank Limited's "Buy to Let" mortgages).

© 2008 Standard Life