Withdrawal of pension scheme benefits before using balance of fund to purchase a compulsory annuity. Members of smalladministrated pension schemes, personal pension schemes and occupational schemes with money purchase benefits or additional voluntary contributions can delay the purchase of a pension until age 75 while withdrawing regular sums from their pension fund subject to certain maximum and minimum amounts. The individual can still take a tax-free lump at retirement leaving the balance for drawdown and the retirement annuity purchase by age 75.