Pension Drawdown Testing Against The Lifetime Allowance If you are lucky enough to have a relatively large pension fund it is important to understand the Lifetime Allowance (LTA) and the tax implications. This can be a complex subject and the rules depend in part on which pension option you select (drawdown or annuity). To simplify things…
The Pension Drawdown Process Flexi access Pension Drawdown is an increasingly popular retirement option. In this post, we discuss the pension drawdown process. What is involved and what timescales can you expect? It is important to note Pension Drawdown only applies to defined contribution schemes (also known as money purchase schemes). Those with defined benefit or final…
Pension Drawdown Rules and Regulations – An Overview Flexi-Pension Drawdown is an increasingly popular alternative to an annuity but some people are put off by the pension drawdown rules and regulations. They can be perceived as complex and difficult to understand. In an effort to help we have tried to provide a top level overview…
What Is The Minimum Pension Pot I Need For Pension Drawdown What is the minimum pension pot I need for pension drawdown is a question we are often asked? Assuming a pension provider offers pension drawdown as an option then, in principle, there is no minimum. The key issue to consider is fees. There is a wide…
Drawing A Pension While Still Working It all used to be so simple. When reaching retirement age the options were limited and there were few decisions to be made. Most people knew what income they could expect from their pensions month on month. They could cut their cloth accordingly and live out the rest of…
Pension Drawdown Charges – An Overview When considering your retirement options it is important to fully understand pension drawdown fees and charges to make an informed decision. Fees and charges can reduce the value of a pension fund in drawdown by tens of thousands of pounds over the long term. It is important to choose…
What Are The Death Benefits In Drawdown Flexi-Pension drawdown was introduced as a retirement option in April 2015. We have talked about the potential advantages of drawdown (and risks) elsewhere on this blog. One potential benefit will not actually help you at all (because – to be blunt – you will be dead) but it…
Pension Drawdown Investment Strategy – An Overview The pension freedoms delivered a new option for those approaching retirement – flexi pension drawdown. Pension Drawdown offers a number of potential advantages over an annuity but it also has risks. One of the main risks of Drawdown is running out of money in retirement. To avoid this unwelcome…
Before the new pension and tax rules (April 2015), the options available at retirement were limited and you could only access your benefits in a way prescribed by your annuity provider, or the Government Actuary’s Department through what is now known as “capped drawdown”. The introduction of flexi-access pension drawdown added another retirement option to…