Partial drawdown Question

fjh

I am in final salary scheme.
Read an article about partial draw down today - question is what the difference between partial drawdown and being able to take 25% max from pension as a tax free lump sum?
Many thanks

xylophone

I am in final salary scheme.

"Partial drawdown" is not relevant to a FS scheme.

You will need to read your scheme booklet for details of your options at retirement - it may be that there is an automatic lump sum with options for additional commutation or if not the possibility of commuting up to 25% of the value of your benefits as here

https://www.barnett-waddingham.co.uk/comment-insight/blog/2014/08/06/what-is-commutation/

The balance would then be paid as a monthly pension.

http://www.pensionsadvisoryservice.org.uk/about-pensions/pensions-basics/workplace-pension-schemes/defined-benefit-final-salary-schemes