This guide is for financial advisers only.  It must not be distributed to, or relied on by, customers.  The information on this page is based on our understanding of legislation
as at 1 October 2024.

Drawdown has taken many forms since it was first introduced in 1995. Most recently, from 6 April 2015, the concept of ‘flexi-access drawdown’ was introduced as part of the pension flexibility changes. This article explains the flexi-access drawdown rules and the impact on those with funds in capped or flexible drawdown prior to 6 April 2015.