Pension drawdown glossary
The standard way to take a flexible income from a defined contribution pension: the pot stays invested and you withdraw as much or as little as you choose. Every platform in our comparison offers it.
Source: MoneyHelper: flexi-access drawdown explained · 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.