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 Due to changes in pension regulations, it has been replaced by our flexi-income drawdown product, the Income Drawdown Plan.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.