Getting the
maximum Drawdown from your Pension could be a viable
way of funding a happy retirement.
An Income Drawdown (also known as income withdrawal)
is when you make a decision not to buy an annuity
at retirement age, but instead leave the funds within
your pension to be invested into a well-managed portfolio.
You are then able to draw income from the pension investment.
Advantages of Income drawdown
- It can be tax efficient.
- Income Flexibility
- You may be able to buy an increased annuity
when you finally convert your pension.
- There can be significant benefits on the death
of the policy holder, for their partner or estate.
- By defering your annuity through the use of income
drawdown you are also able take advantage of the UK
government's relaxation of pension rules that came
into effect in April 2006.
Current UK rules state, you must convert your pension
to an annuity or alternatively secured pension, no later
than your 75th birthday. Also, if you want to take your
tax-free cash allowance from the pension, this has to
be done before you take any income from the investment.
Get the Full Story
Income
draw-down is not without risk. Robert Bruce
Associates can offer you specialist, helpful and clear
advice to help you make an informed choice. Our qualified
advisors will ensure any decision is made only once
you have all the facts in hand, and only as a result
of establishing your personal wishes and criteria.
Why not call us today?
Get the most out of
your retirement.
Call us today
on: 0845 838 7377
|
