Supplementing Retirement Income
Supplementing retirement income
Comparing a lump sum with a drawdown facility for a £500 per month income shortfall.

Client profile
Joint applicants, 71 and 69, essential expenditure exceeds pension income by roughly £500 a month.
- · Meet a recurring income shortfall
- · Avoid unnecessary interest cost
The full scenario is available to members
Members see property information, the amount required, alternatives considered, advantages, disadvantages, adviser questions, vulnerability considerations, a calculation example and a client-friendly explanation.
View membershipLast reviewed 2026-09-13 · editorial
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