Taxation depends on individual circumstances. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Past performance or any yields quoted should not be considered reliable indicators of future returns. The value of your investment can go down as well as up, and you can get back less than you originally invested. This means anyone can take a flexible income from their pension with no minimum income requirements. The pension changes that came into effect in April 2015 scrapped the old capped and flexible drawdown and replaced them with flexi-access drawdown. Not all providers offer flexi-access drawdown as an optionĮveryone is eligible for income drawdown as long as their pension provider offers it.Too many early withdrawals could mean you run out of money in later life.Your pension can fall in value and your income isn’t guaranteed.You can control your income tax bill in retirement.You have freedom over how much money you take from your pension.Your pension stays invested and could increase in value over time. ![]() With flexi-access drawdown you have total control over how much money you withdraw and how often you take it while your pension remains invested. It can also be a very tax-efficient way to pass money on to the next. Income drawdown is an option that enables people to take a flexible income from their pension fund when they reach 55. He comments: Flexi-access drawdown is, put simply, the most flexible way to draw down your pension once you reach age 55.
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