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 drawdown. It is a much favoured alternative to buying an annuity in the current retirement financial market. Pension Adviser Derby reference 1.03
Regulations / Key Points
A person must be over 55, have a pension fund that has accumulated to a suitable level. They are able to release a cash lump sum, tax free without having to retire, essentially taking an income from the fund.