Tag Archives: flexible drawdown

Nothing in between Capped and Flexible? I can’t Adam & Eve it!

I’d like to share with you the extraordinary tale of two 60-year-old retirees, born on the exact same day. They are both in capped drawdown and they have both just received notification of their new income limits. Neither is happy. … Continue reading

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

Drawdown Rhetoric Should Be Capped

A tacit competition to find the individual whose drawdown income has fallen the most is raging like a hot new Olympic event. Some providers have then used this to argue that the way capped drawdown operates needs fixing. It’s straight … Continue reading

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

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the Minimum Income Requirement (MIR) has been met, flexible drawdown comes with no limits on the amount that can be withdrawn or the frequency of withdrawals.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