Adviser > Individual > Income Release
Income Release
Income Release lets your clients access their retirement benefits at a time and in a way most suited to their needs - whether as tax-free cash, retirement income, or a combination of both.
We recognise that no two clients are the same. That's why our Pension Portfolio comes with Income Release, our integrated income drawdown facility, allowing your clients to tailor retirement benefits around their changing circumstances.
Our drawdown facility - at a glance
Drawdown support
The following material aims to help you with the complex process of drawdown advice:
- Available to clients aged 55 and over with at least £20,000 in the Core Investments.
- One-off £163 charge applies to access this facility.
- Allows tax-free cash and retirement income to be taken directly from the plan.
- Full range of investment options available, excluding the with profits fund.
- Clients can continue making contributions into the plan after taking retirement benefits.
- Income management facility available called Income Tap.
- Protected Rights funds can be used to provide Income Release.
As we do not specify a minimum designation amount, this offers clients the ultimate flexibility. They will be able to withdraw even very small amounts from their plan.
Benefits can also be paid on a phased basis, including any Protected Rights funds your clients may have built up.
Find out more
To get full details of how Income Release works, along with all the additional options available with Pension Portfolio
- download our Pension Portfolio Financial Adviser Guide or
- request a call back from your usual Scottish Life representative.
For professional advisers only
