January GAD rate set at 3.25%
January will see gilt yields rise to 3.25%, up from 3%, meaning the maximum drawdown limit will rise in the New Year.
This means from January a 65-year-old income drawdown client with a £100,000 fund will be able to take £7,320 a year instead of the previous £7,080 maximum, according to LV=. Ray Chinn, head of pensions...
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