Hornbuckle unveils Flexible Income Pension Plan

The FIPP gives complete investment flexibility allowed by HMRC and control to allow tax-free cash withdrawal and income drawdown with the ability to move into an alternatively secured pension (ASP) or an annuity by age 75. It also allows any retiree to switch funds into scheme pension, which offers the potential for the retiree to take a higher income in some circumstances because Government Actuarial Department (GAD) rates do not restrict the levels. Neil Marsh, managing director of Hornbuckle Mitchell, says: “As the income is based on actuarial calculations about an individual’s own per...