Maintaining flexibility

Income drawdown is not just about the income - it also allows retirees to maintain responsibility and control of their pension funds, choosing the solutions that best fit their changing circumstances through the retirement years. Their goal may be to take out extra income, to let the fund continue growing for longer, to mitigate inheritance tax or to ensure the minimum is left in the fund on death. The more flexible the solution, the more they can tailor the strategy to meet their personal needs. Hornbuckle Mitchell's Flexible Income Pension Plan (FIPP) is an innovative self invested pe...