by hollyelaine | Apr 2, 2020 | Archive
Alternatively Secured Pensions This no longer exists as a pension vehicle, and was replaced with Capped Drawdown and Flexible Drawdown from 6 April 2011. Please contact us if you are currently in an Alternatively Secured Pensions (ASP), and wish to know your...
by hollyelaine | Apr 2, 2020 | Archive
Death Benefits in Income Drawdown Both of the new structures have a new tax treatment on death. If death occurs before age 75, the fund passes to the clients estate in the form of a tax free lump sum, or the beneficiary has the option to stay invested in drawdown, and...
by hollyelaine | Apr 2, 2020 | Archive
Advantages and Disadvantages of Drawdown Advantages The following are a number of advantages of pension drawdown that highlight the benefits of deferring taking a pension annuity until later: N An individual will be able to take a tax free cash lump sum...
by hollyelaine | Apr 2, 2020 | Archive
Capped Drawdown Capped Drawdown is a continuation of Unsecured and Alternatively Secured Pensions (USP and ASP). – a way of releasing a pension commencement lump sum without buying an annuity. The main points of a capped drawdown contract are relatively simple....
by hollyelaine | Apr 2, 2020 | Archive
Flexi Access Drawdown Flexi Access Drawdown (FAD) allows the investor to draw down without the restrictions applying to capped drawdown. This includes drawing down the whole fund if necessary. The main uses for Flexi Access Drawdown are as follows: To take the...
by hollyelaine | Apr 2, 2020 | Archive
What Is Pension Drawdown ? ” Pension Adviser Derby ” – Credencis Interpreting What is Pension Drawdown Pension Drawdown Common References Income release, pension release and income drawdown are the 3 most common terms used when describing pension...
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