Managing income in retirement: are we missing a trick?

But there are other possibilities that are less well understood and are used less often. These could be attractive in meeting clients’ income requirements in a tax efficient manner. So what changed at A-Day? A significant change at A-day was the separation of the tax-free lump sum and starting pension income. For clients who choose unsecured pension (or income drawdown), there is no requirement to take any income until age 75. We see this being used extensively. Indeed the most common route into drawdown is to take tax free cash, often while the client continues to work, but to delay i...