We charge this for putting your pension, or each part of your pension, into drawdown, which means when you first take any tax free cash or income from your pension.
This charge includes the arranging of your pension so you can take your benefits, sorting out any Lifetime Allowance tax matters, and the payment of your Pension Commencement Lump Sum (PCLS) payment.
Thereafter, you can choose to take income, as follows:
Taking One-Off or Annual pension income: £50 each payment
Taking Monthly or Quarterly pension income: £150 annually
Taking Your Pension Form