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- Generating answers for you...Income drawdown is one of your options for using your pension when you reach retirement. It means leaving your pension money invested and taking cash as and when you need it. It’s the main alternative to buying an annuity with your pension money.Learn more:Income drawdown is one of your options for using your pension when you reach retirement. It means leaving your pension money invested and taking cash as and when you need it. It’s the main alternative to buying an annuity with your pension money.www.pensionbee.com/pensions-explained/pension …Income drawdown, or pension drawdown, is a way of taking money out of your pension to live on in retirement. You have to be aged 55 or over and have a defined contribution pension to access your money in this way.www.which.co.uk/money/pensions-and-retirement/…Going into income drawdown allows you to draw an income from your pension and leave the rest invested, with the aim that it will continue benefiting from investment growth. The idea is that you will draw out an income that is equal to the amount of investment growth on your pension fund.www.evelyn.com/insights-and-events/insights/wha…Income drawdown is a method withdrawing benefits from a UK Registered Pension Scheme. In theory, it is available under any money purchase pension scheme. However, it is, in practice, rarely offered by occupational pensions and is therefore generally only available to those who own, or transfer to, a personal pension.en.wikipedia.org/wiki/Income_drawdown
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