Pension drawdown glossary
Interest earned on uninvested cash in your pension. Some platforms pass on most of it; others keep part of it as income. The FCA has been looking at this practice, sometimes called double-dipping.
Source: MoneyHelper: pensions glossary · Last reviewed 24 September 2026
See every term in the A–Z glossary. Definitions are general information for the 2026/27 tax year, not personal advice.
Important: The value of investments can fall as well as rise. You may get back less than you invest. Tax rules can change and benefits depend on individual circumstances. This is not financial advice.