Capped Income Drawdown Plan

This product is no longer available for new investment. Due to changes in pension regulations, it has been replaced by our flexi-income drawdown product, the Income Drawdown Plan.

For those customers already invested, the Capped Income Drawdown Plan is a way to take income from your pension whilst leaving your savings invested.

It differs from the Income Drawdown Plan in that there is a maximum level of income you can take from the plan. This depends on your individual circumstances and is calculated using a rate determined by the Government’s Actuary Department, called the GAD rate. The maximum income is recalculated every three years, up to the age of 75, then every year after that.

You can invest in a range of funds, including five Portfolios that are risk-rated and designed to reflect different attitudes to risk. You can switch your funds at any time and we encourage you to review your investment requirements on a regular basis with your financial adviser.

You can find information about all our funds in the Guide to CF Investment Funds.

Capped Income Drawdown Plan

Capped Income Drawdown Plan:

  • Withdraw a taxable regular income
  • Provides some flexibility around the level of income you can take
  • Funds remain invested in the stock market
  • Switch between funds as your requirements change
  • Pass on your savings tax-free if you die before age 75.

This product is no longer available for new investment. Due to changes in pension regulations, it has been replaced by our flexi-income drawdown product, the Income Drawdown Plan.

The Capped Income Drawdown Plan invests in a range of funds managed by specialist fund managers. We regularly monitor and review these funds on your behalf to make sure they continue to meet their investment objectives.

This product is no longer available for new investment. Due to changes in pension regulations, it has been replaced by our flexi-income drawdown product, the Income Drawdown Plan.

This product is no longer available for new investment. Due to changes in pension regulations, it has been replaced by our flexi-income drawdown product, the Income Drawdown Plan.

For more information please call 0345 055 0606 or visit our Contact us page.

Find an adviser

A regulated financial adviser will help you decide which financial plans are right for your personal circumstances. They will also help you through the application process when you decide to purchase a plan. They may charge for their time. 

Find a financial adviser

You can find an FCA authorised financial adviser at www.unbiased.co.uk or by calling 0330 1000 755, or you can visit the YourMoneyAdviser website at www.findanadviser.org and key in your location to find an adviser near to you.

Use Pension Wise

Pension Wise is a government service that offers people approaching retirement free, impartial guidance about how to make best use of their pension savings.

www.pensionwise.gov.uk 
030 0330 1001

Not sure? Find out about a different product

  • Income Drawdown Plan
    • Take up to 25% of your pension fund as tax-free cash
    • Choose what taxable income you need
    • Your pension fund remains invested
    • A medium to long-term investment
    • Choose where to invest from a range of portfolios
    • Pass on your remaining savings when you die
  • Cash Fund Drawdown
    • Designed for those who want to deplete their pension fund over a short time
    • Take up to 25% of your pension fund as tax-free cash
    • Choose what taxable cash withdrawals you need
    • Invests in the LF Cash Fund
    • Pass on your remaining savings when you die
  • Personal Pension Plan
    • Tax relief can boost your pension savings
    • Make as many regular or ad-hoc payments as you like
    • Invest in a range of funds or choose a Lifestyle profile
    • Increase, decrease, stop and start your payments to suit your circumstances
    • Flexible ways to take your savings at retirement
  • Stakeholder Pension Scheme
    • Closed to new business
    • Receive tax relief on your pension savings
    • Simple and straightforward investment choices
    • Annual Management Charge not exceeding 1%
    • Flexible ways to pay to suit your circumstances
    • Your employer can make contributions too

Latest