FLEXIBLE DRAWDOWN
TED'S STORY - 65 YEARS OLD
Ted is planning to help his daughter with her university fees. He’s planning to take his 25% tax-free allowance from his pension pot as a single lump sum. He can then leave the rest of his money invested and withdraw chunks as and when he needs them.
Ted will be entitled to the new State Pension which is currently £185.15 per week at his State Pension age.