Income drawdown: The opportunities

clock

Adrian Walker discusses how new drawdown rules could trigger an advice point for pre-A-Day drawdown clients close to LTA threshold

Many advisers will be assessing the impact the new drawdown rules will have on their client base. One set of clients who will need a more considered approach are those who moved some of their pension into drawdown pre-A -Day and who still have some money purchase savings remaining to provide further retirement income. The approach and advice issues raised will be of particular concern for those whose pension fund values may be approaching the lifetime allowance (LTA) threshold. The LTA threshold was introduced as part of the A-Day changes. So any clients who started taking drawdown pr...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income

Market turbulance, de-risking for retirement and the crucial role of annuities

Market turbulance, de-risking for retirement and the crucial role of annuities

Annuities are now back to pre-2008 credit crunch levels

William Burrows
clock 17 April 2026 • 5 min read
Why annuities are back on advisers' agendas

Why annuities are back on advisers' agendas

'Another factor bringing annuities back into focus is the evolving tax landscape'

Ahmed Bawa
clock 24 March 2026 • 4 min read
Just guaranteed income for life sales soar amid adviser demand

Just guaranteed income for life sales soar amid adviser demand

Reports IFRS loss before tax of £118m for 2025

Jen Frost
clock 27 February 2026 • 2 min read