On retirement, any time after age 50 (rising to 55 in 2010), you can take up to 25% of the accumulated fund as a tax-free lump sum but you must use the rest of the fund to provide an income for the rest of your life. This income can be provided in various ways:
*Levels, bases of reliefs from taxation may be subject to change
Member of the Association of Member-Directed Pension Schemes
Authorised and regulated by the Financial Services Authority
(SIB No: 133515)