GAD rates, used to calculate the maximum investors can drawdown from their pension each year, were unchanged for October at 3.50%.
Data from Retirement Partnership says this means for a man aged 60 with a £100,000 fund, the maximum income would be £6,840. For a 65 year old man with the same fund, the maximum would be £7,800.
For a woman aged 60 with £100,000 saved, the maximum would be £6,480, and for a woman at 65, the maximum would be £7,200.
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From 6 April 2019