Find out about Flexible Drawdown and see if you qualify
At a glance – What is flexible drawdown?
Flexible drawdown is a type of income drawdown contract
Must provide evidence that you are receiving a minimum of £12,000 per annum secured
No limits to the amount of income you can draw
April 2015 legislation – £12,000 income restriction has been removed.
Funds withdrawn after £12,000 treated as earned income and subject to tax
Access to full fund if required – beware of income tax
No limits with a Flexible Drawdown
Do I qualify?
From April 2015 the £12,000 income restriction will be removed entirely, which means that practically all people retiring in the UK will qualify for Flexible Drawdown.
£12,000 annual secured income – What qualifies and what doesn’t?
Want more information?
Retirement options should never be decided on a whim, they deserve careful consideration. We believe that all our customers should receive the same service and options that we ourselves want in our retirement. If you’re unsure about what is right for you, or you simply want further information to help you make the right decision please talk to us.