Client motivation: Making the most of flexi-access drawdown

As the name suggests, it offers huge flexibility

clock • 2 min read

Asking clients what motivates them must be the driving force behind retirement income decisions, writes Tony Parker. Here he outlines some flexi-access drawdown scenarios...

Our behaviour and actions will usually be determined on what our motivation is; what's the end goal? This is as true in retirement as any other stage of life. If your motivation at retirement is to start your own business, take a belated gap year or even just start to reduce your working hours, you need a suitable - and tax efficient - means of achieving that goal. Flexi-access drawdown continues to increase in popularity and, as the name suggests, offers huge flexibility, but it's important to consider the different ways it can be used for both immediate needs and for the long term. ...

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