Pension Income Drawdown Advice
Traditionally when it came time to draw benefits a retiree took tax free cash with 25% of the fund and purchased an annuity with the remaining 75%. For many people the security of a promised regular income from an annuity is highly desirable and outweighs other considerations.
For clients with larger funds the ability to control when and to some degree how income is taken is more important. Pension Income Drawdown provides a means of effectively living off the interest produced by pension investments. There are a variety of tax benefits also. However because pension income becomes dependent on investment return this is a path for experienced investors.
The good news is the new coalition government has announced plans to drop the required annuity purchase age of 75 and has introduced an annuity purchase requirement age of 77 while they sort out the small print.
This site is still under construction and it is our intention to post far more on pension Income Drawdown in due course. Meanwhile please feel free to Contact Us for further information.
Facts & Figures are chartered financial planners offering independent financial advice from the whole market. We are pension income drawdown experts, based in Ashford and Canterbury in Kent.