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Flexible Drawdown – Part 2

Here are a few advantages and disadvantages of Flexible Drawdown. Advantages Maximum tax-free cash lump sum can be taken at outset. The amount of income withdrawn can be varied each year to suit your circumstances. The remainder of the fund not used to provide income...

Removing the requirement to annuitize at age 75

The Treasury has, today, published a summary of the responses to the Consultation paper on removing the requirement to annuitize by age 75, together with draft legislation for further consultation, defining more clearly and with greater certainty the proposed rules. ...