Drawdown Pension:

SkipNav

Retirement income planning

Income drawdown is key to retirement planning – giving flexible investment and income solutions to your clients who are in or approaching retirement.

Accessible through the LV= Pension wrapper, we match a range of drawdown options with our wealth of experience

Key Features

Income drawdown offers many features, including:

  • Drawdown options – Flexi-access Drawdown and Capped (transfers in).
  • Online support – check valuations in just a few clicks.

Important information

There are some important things you should know about our Drawdown Pension:

  • It’s a stock market-related investment – your client isn’t certain to make a profit.
  • If the government changes the way the plan is taxed, it may affect how much your client gets back.

Drawdown options

Calendar Month and coin with £ sign

Flexi-Access Drawdown

This offers your clients income flexibility and tax planning opportunities.

Variable income can be taken each year with no upper or lower limits. There’s no requirement to take any income at all, if only tax-free cash is required at outset. Tax-free cash can be taken on a monthly basis, providing full flexibility.

Form with % sign

Phased Drawdown

This offers greater income flexibility, effective tax planning by only crystallising funds as required and minimising exposure to tax on death.

We can provide Phased Drawdown quotations to help with your planning and recommendations.

Blended Solutions

The retirement landscape has changed. Despite economic uncertainty, your clients now have more choice and control over their retirement income.

Recommend a bespoke solution by blending our retirement income products into one simple account. This gives the best level of security and flexibility – meeting your clients’ needs now, and for years to come.

Impartial Retirement Modelling

Looking for options that you can easily present to your client? We’ve got a free tool that helps you create, view and analyse different retirement scenarios.

It’s impartial and gives a snapshot of your client’s retirement future. With a visual scenario – it helps you compare single product and blended solutions. Once you’ve input some basic details, you’ll get a PDF report that you can share with your client

Pill bottle next to a phone displaying a stephoscope

LV= Doctor Services, at no extra cost

For many of your clients, their health becomes more important as they near retirement. That’s why we offer LV= Doctor Services, at no extra cost. It means your client can access confidential, expert medical advice, whenever they need to.

There are six services available:

  • GP access 24/7 – available by phone or video, up to 5 times a year.
  • Prescription services – without the need to visit a GP.
  • Second opinion – check a diagnosis and get treatment advice.
  • Remote physiotherapy – free remote sessions, with a bespoke plan.
  • Psychological services – free remote sessions, including counselling and Cognitive Behavioural Therapy.
  • Health MOTs – 25% discount, with an overall health assessment that identifies health risks.

More on LV= Doctor Services

Hands holding heart in middle

Exclusive Benefits for Members

When your client invests in our Drawdown Pension, they can choose to become an LV= member. This gives additional benefits, at no extra cost:

  • Member Care Line – exclusively access to nurses, counsellors and legal advisers.
  • Discounts – on general insurance products, like home, pet and car insurance, provided by LV= General Insurance Group, a subsidiary company of Allianz Holdings plc.
  • Member support fund – we’ll give financial support if your client is struggling to make ends meet.
  • Voting rights – after being a member for 12 months, your client will have the option to vote in our Annual General Meeting.

More on member benefits

Contact Phone

Let's talk

0800 032 2990

9.00am - 5.30pm Mon-Fri

TextDirect: first dial 18001. We will record or monitor calls for training and audit purposes.