Flexi Access Drawdown Calculator

This calculator will show the estimated income from a crystallised pension and selecting a “Flexi Access Drawdown” income option on retirement. We create these calculators for our students and their studies. The accuracy of these tools should not be used to make financial decisions. Clarity Financial Training Ltd will not be liable to you or anyone else for any decision made or action taken in reliance on the information given by these online tools.

Flexi Access Drawdown

Flexi Access Drawdown is an unsecured pension option on retirement. It is a higher risk strategy as the pension remains invested and can continue to fluctuate. The whole pension is crystallised, and the retiree can take the PCLS (25% of the fund*) tax free and the remaining assets move to a Flexi Access Drawdown Account where they remain invested. The retiree can choose to take income from the Flexi Access Drawdown Account or income and capital (Please note by taking capital the fund value will deplete). Flexi Access Drawdown is ideal for those that want control and flexibility on the amount of income taken. The capital remains invested and can fluctuate, there will also be ongoing charges.

*Note: The maximum tax free lump sum is £268,275.00

Calculator fields

• Yield: Please select the yield of the fund. This is the growth generated from the assets.
• Annual Management Charge (AMC): This is the annual charge deducted from income from the fund assets.
• Capital withdrawal: Please select the percentage of capital to be withdrawn. Note –  if capital is withdrawn it will reduce the yield and the value of the remaining fund.
• Income options:
  • Income only: Only income from the assets are taken to provide an income. The remaining fund will continue to be invested. The value can rise and fall. There is no guarantee that the value will be maintained. The income is taxed at the retiree’s marginal rate.
  • Income and capital: Income from the assets plus capital withdrawal. Provides a higher level of income, however high percentage withdrawals will reduce the remaining fund and may run out. The remaining fund will continue to be invested. The value can rise and fall. There is no guarantee that the value will be maintained. The income is taxed at the retiree’s marginal rate.