Drawing your pension
Retirement income is now classified under 4 main headings:-
- Scheme Pensions - typically, drawing your income directly from your employer’s occupational pension scheme.
- Lifetime annuities - taking your income as an annuity - associated with drawing income from personal pension / Stakeholder pension type schemes
- Unsecured pension - Pension Fund Withdrawal / Income Drawdown and Phased retirement
- Alternatively Secured Pensions - A type of income withdrawal that is only available from age 75

