|Pension option||Tax free cash?||Regular income?||Guranteed income?||Can I run out of money?||Will my tax rate go up?|
|Annuity||Up to 25% of fund||Yes||Yes||No||Unlikely as income is planned in advance|
|Drawdown||Up to 25% of fund||Yes||No||Yes||Unlikely as income is planned in advance|
|Take all money||Up to 25% of fund||No||No||Yes||Likely|
|Take lump sums||25% of each withdrawal||No||No||Yes||Depends on lumps sum amounts|
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