Thanks Mayofox , I'm in the process of seeing a FA and will start drawdown at 55 , I've read so much on the topic but have found it difficult finding anyone that's doing it rather than the old fashioned annuity. I'm lucky I am backed up with a separate final salary as well but taking this option for part of my pension for the reasons you have outlined and should give me flexibility of packing in or reducing work well before my proper retirement date if I so wish. Not a rich man but enough to keep me ticking over. So you youngsters get saving.