Can I switch out of Secure Retirement Income (SRI)?01 September 2015
You can switch money out of your Secure Retirement Income investment at any time. This can be useful if you need to access to more of your savings than normal, or if you’re using SRI alongside flexi-access drawdown to create your overall savings pot and want to adjust the balance between the two.
However, taking savings out of SRI will reduce your secure income, which will need to be adjusted to reflect your new investment amount. It will also reduce the value of any associated death or joint life benefits.
You can choose to switch all your money out of your SRI if need be.
You can find out more about SRI in our leaflet What is Secure Retirement Income?(Opens new window)