Case study: How clients could use the income drawdown option

The following example is designed to represent a typical situation reflecting today’s retirement income needs. It does not relate to any particular individuals. You should not look upon them as financial advice or a recommendation of a particular course of action. You should consider your own circumstances fully, along with your financial adviser, to help you make a decision. Case study Suzanne, a youthful 55, has owned the local chemist shop for many years. She wants some income from her pension fund, but not all of it. Now that her son is taking over, she wants to take a back s...