FOR ADVISERS ONLY
Flexible retirement options
When the time comes, your clients can enjoy a symphony of retirement income options to suit their needs.
Our Defaqto 5 Star rated drawdown feature, Income Release, is an integrated drawdown facility within our Pension Portfolio product. It provides one of the highest quality offerings in the market, with a range of tax-free cash and income options.
| Income option | Available |
|---|---|
| Lump sum tax-free cash |  |
| Lump sum tax-free cash + regular income payments | |
| Lump sum tax-free cash + one off income payments | |
| Regular tax free cash | |
| Regular tax-free cash + taxable income payments | |
Benefits of Income Release
- Low starting amount – clients only need £15,000 of pension savings to start using Income Release.
- Income management facility – Income Tap lets your clients invest the rest of their plan in a low risk fund while they take an income from their plan.
- Flexible saving – clients can continue to save into their plan after taking any tax-free cash and/or income payments.
- Value for money – we’ll only apply a charge to start using Income Release if a client’s plan has been with us for less than 12 months.
- Fast payment – we aim to pay your client’s tax-free cash within 5 working days.
- Leave money for loved ones – clients can leave their pension savings to their loved ones when they die.
Find out more
To find out more about Income Release, speak to your usual Royal London contact.