The lowdown on capped drawdown

There has been much commentary over recent times as to the effect the government‘s policy on Quantitative Easing has had on the levels of retirement income available to consumers from their hard-earned pension savings. This has not only had an impact on the levels of lifetime annuity income that it has been possible to buy, but also on the annual levels of income available through the use of capped income withdrawal arrangements. Hardest hit of all have been clients who have been using income withdrawal for a number of years and whose maximum available annual income under a statutory ...