Flexible retirement options

Our Defaqto 5 Star rated drawdown product, 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.