Billy Mackay highlights the benefits of income drawdown.
Income withdrawal or drawdown pension remains a popular retirement option despite a number of high profile policy and regulatory issues that seem to be hogging the headlines. Topical areas of debate seem to be centred on continued regulatory pressure and the calls for changes to the rules for calculating maximum income. The regulatory focus on this market goes back many years but the themes identified over the years since 1995 seem to remain consistent. I was clearing out my office recently and found copies of old PIA updates 55 and 67. Reading them again showed that update 67 incl...
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