Yes, this can be done under flexi-access drawdown. For more information on this and the other retirement options available to you across the whole market, visit Understand your options on Your Retirement Planner.
Financial advice
If you're not sure about the best option for you, you should speak to a financial adviser. There may be a charge for this. MoneyHelper can help you find a financial adviser in your area.
Pension Wise
Pension Wise, a service from MoneyHelper, is a free and impartial government service offering guidance about your retirement options. This service is available online at MoneyHelper by phone on
0800 138 3944 or face to face by appointment.