Tag Archives: drawdown

Bend-over-backwards-flexible drawdown

Among the changes and conditions brought by the new drawdown rules is the tax position on death in drawdown – namely the tax charge on a lump sum death benefit rising from 35% to 55%. That has led many to … Continue reading

Posted in Drawdown, SIPPs | Tagged , , , , , , , | 2 Comments

For everything else, there’s flexible drawdown …

Just how flexible could flexible drawdown get? Once the Minimum Income Requirement (MIR) has been met, flexible drawdown comes with no limits on the amount that can be withdrawn or the frequency of withdrawals. What might pension – and in … Continue reading

Posted in Drawdown, SIPPs | Tagged , , , , | 1 Comment

Capped drawdown or flexible drawdown?

When new drawdown pension options are made available by SIPP and other pension providers from 6th April 2011, financial planners will be helping some of their clients decide which is most suitable. a choice between capped and flexible access The … Continue reading

Posted in Drawdown | Tagged , , , , , , , , , | 3 Comments

Drawdown or annuity: do folks know what they are doing?

My e-friend (have I just coined a new phrase?) Henry Tapper recently challenged how many people in drawdown really know what they are doing. Follow the link if you’d like to check it out for yourself. http://henrytapper.com/2010/11/06/you-dont-know-what-youre-doing/ If you’d prefer a … Continue reading

Posted in Annuities, Drawdown, Pension rules | Tagged , , , , , , , , , , , , , , | Leave a comment