Get Supplementary Application Form With Adviser Charge Agreement - Aviva Co

You're entitled to take up to 25% of your pension pot as a tax-free lump sum. You have the flexibility to take this in one withdrawal, or spread it across multiple withdrawals. With each tax-free withdrawal, three times the amount taken tax-free is moved into a drawdown pot and withdrawals from there will be taxable.

Once you've reached the retirement age for your pension, you have 4 ways to access your savings: withdrawing your full pension pot. withdrawing from your pot in smaller lump sums. flexible drawdown. an annuity.

You can use this form to tell us who you would like to receive your death benefits. Who can use this form? before you have taken all of your benefits they can be payable to someone else. If paid to an individual the death benefits can be a lump sum, flexi-access drawdown pension or an annuity.

You're entitled to take up to 25% of your pension pot as a tax-free lump sum. You have the flexibility to take this in one withdrawal, or spread it across multiple withdrawals. With each tax-free withdrawal, three times the amount taken tax-free is moved into a drawdown pot and withdrawals from there will be taxable.

When accessing your pension you can take 25% of the pension you've built up as a tax-free lump sum. One option is to take the entire tax-free lump sum in one go. Any income you receive either through an annuity or withdrawals you make via drawdown is then subject to income tax at your marginal rate.

From age 55 (57 from 6 April 2028 unless you have a protected pension age) you can start using the money you've saved in your pension. One option is to take the money in cash in a way that suits you. There are different ways of doing this, with their own tax implications.

Increasingly, employers are making available to their employees a one-time payment for all or a portion of their pension. This is known as a lump-sum payout option. If you choose a lump-sum payout instead of monthly payments, the responsibility for managing the money shifts from your employer to you.

Scheme annual management charge ('AMC') It is the Aviva administration charge for running your account. The Scheme AMC is calculated daily, based on the value of your investments. 0.23% each year.