flexible, tailored funds...
...for your future financial plans
The Pension Drawdown Company specialises
in providing advice on all aspects of pension
drawdown and investments
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Greater Choices when taking BenefitsBenefits can be taken between age 50 and 75 (the lower age limit is changing to 55 from 2010). These benefits can be in the form of Tax Free Cash and Income. Tax Free CashPrior to A-Day there were several types of plan where no tax-free cash could be taken. This has now changed so that tax-free cash is payable from all plans, both present and future, at the rate of 25% of the fund value up to a maximum of 25% of the Lifetime Allowance. IncomeA fixed income can be taken from a vested (crystallized) pension as Secured Income either by way of a lifetime annuity or by a scheme pension. Alternatively a flexible income can be taken from a Pension Drawdown plan (now also known as Unsecured Income), at a rate up to a maximum of 120% of the single life annuity rate set by the Government Actuaries Department. Another change is that you can now elect to take no income at all. The maximum annual income will now be reviewed every five years instead of three under the previous rules. However there will shortly be a facility to have the income reviewed every year if the planholder requests it. Finally, instead of having to purchase an annuity at age 75, you can now convert an Unsecured Income plan (Pension Drawdown) into an Alternatively Secured Pension and income is paid at any rate between 55% and 90% of the published Government Actuaries Department (GAD) rate at age 75. |
I have found the Pension Drawdown Company, and in particular Mr Jonathan Walker, to be most helpful in compiling a meaningful portfolio across ... click here for more 
When you become a client of The Pension Drawdown Company you will be able to have on-line access to up to date valuations for all your funds. click here to login |