Boost for drawdown investors

Gilt yields at 15-year lows mean a more sustainable maximum income limit for income drawdown investors, according to the Drawdown Bureau. With 15-year gilt yields falling to 4.11% on 13 June, the maximum annual income limit is now £18,000 with a minimum limit of £6,300. This compares to a maximum withdrawal of £25,700 and minimum of £9,012, the levels at the inception of income drawdown back in 1995 when long-term gilt yields stood at 8%. Head of marketing at the Drawdown Bureau David Marlow said new drawdown investors and those who reach a triennial review should now find the maximum ...