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Drip-feed Drawdown functionality to level up your Centralised Retirement Proposition
Drip-feed Drawdown is an automated option on LV= Platform Services that lets your clients take a regular, tax-efficient income from their pension without taking all their tax-free cash at once. Payments combine tax-free cash and taxable income in manageable instalment, helping to manage their tax position more effectively. Keeping the remaining pension invested for longer also gives it the potential to grow over time.
You can expect:
- Phased tax-free cash - ideal for customers who want to draw down gradually without triggering taxable income.
- Phased tax-free cash and taxable income - a flexible option for those who want to combine tax-free cash and taxable withdrawals.
- Customisable payment frequencies - set up payments to suit your clients' needs: monthly, quarterly, bi-annually or annually.
Drip-feed Drawdown user guide
View and download our guide to setting up Drip-feed Drawdown functionality on the platform.
Automated flexibility
Save time with automated regular payments that can be easily adjusted or stopped, giving you the flexibility to tailor income to your clients' evolving circumstances.
Growth potential
By keeping your client's retirement pot invested for longer, there's greater potential for growth and the opportunity to build additional tax-free cash, all while benefiting from access to our Smoothed Managed Funds.
Frequently asked questions
Your Drip-feed Drawdown questions answered.
What options are available to clients for Drip-feed Drawdown?
What's the frequency of the payments?
Are there any minimum requirements?
How do I ensure there is enough cash to pay my client’s income?
Is there a charge to clients for Drip-feed Drawdown?
Which clients might benefit from Drip-feed Drawdown?
Can I change my client’s settings once Drip-feed Drawdown is set up?
Platform functionality
Our platform products
Find out more about our ISA Portfolio, Junior ISA Portfolio, Pension Portfolio and General Investment Account.
Platform MPS availability
Explore the DFMs available on your platform, giving you flexibility to tailor investment solutions for your clients.
Cash account interest
Keep track of your platform account with up-to-date and historical interest rates. See how interest is calculated and paid, helping you manage client cash efficiently and plan for returns.
Platform support
For Platform support including any technical queries, please contact our Platform specialist team on:
Call: 0800 032 9357 or email: [email protected]
For TextDirect: first dial 18001