Zurich Target Drawdown funds
Zurich Target Drawdown funds can be suitable if you want to use your retirement savings to receive a flexible income that can go up and down in retirement. You will need to transfer your savings to a new plan to move into flexi-access drawdown to take a flexible income.
The fund invests in a balanced range of equity, property and fixed income assets which gradually and automatically switch to lower risk fixed interest assets as you approach your selected retirement age.
That way, you can reduce investment risk as you approach retirement whilst still take some investment risk by continuing to invest in equities so you can benefit from any investment growth as you near retirement.
The Zurich retirement planning fund range can help you plan for the retirement you want.
You can usually take the first 25% of your plan tax-free, the rest will be taxed as normal income.