|
|
Alternatively Secured PensionsPrior to the pension regulation changes in April 2006 you had to purchase an annuity at age 75, however, this is no longer the case. You can now opt to either purchase an annuity or to convert the value of the Income Drawdown fund to an Alternatively Secured Pension plan. This is similar to a Pension Drawdown plan and continues to provide a degree of flexibility, as income can be taken between 55% and 90% of the published Government Actuaries Department (GAD) rate for a 75 year old. The income levels under an ASP must be reviewed annually.
Click here to contact us to find out more information on Alternatively Secured Pensions |
I had wasted several months talking to other financial advisers about the disposition of my Pension Fund before I discovered the Pension Drawd ... 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 |