Pension drawdown glossary
The smallest pension some providers will accept before you can open a plan or start drawdown. Some set a higher minimum for drawdown than for saving; a few have no minimum at all.
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.