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You asked: What is income drawdown?
Income drawdown is a way of taking an income from the money you've built up in your pension fund while still keeping the remainder invested. You can use the income you receive from an income drawdown plan to fully or partially retire. As your pension fund remains invested, you still have the potential for growth, free of UK income and capital gains tax. The value of your fund can go down as well as up, it isn't guaranteed and may be worth less than the amount paid in. Take a look at Income drawdown explained for more information.
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