Pension drawdown glossary
A fee some providers charge for paying you a regular drawdown income, on top of the platform fee. Many platforms charge nothing for this; our comparison includes it where it is published and says so where it is not.
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.