If you want to continue to withdraw money from your pension after your 75th birthday you can opt for an Alternatively Secured Pension. As with income drawdown, there are limites on the amount of income you can take from the fund which will differ from those available before you reach age 75.

The advantages of choosing this option are that you can still withdraw money when you need it and you don't have to buy an annuity. Again, this option doesn't provide an income for life and the money could run out.