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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 The amount of income withdrawn can be varied each year to suit your circumstances.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...

Flexible Drawdown – Part 1

If you have pension income of over £20,000 per year (Minimum Income Requirement) you are now allowed to take unlimited amounts of income from their pension funds, subject to tax at your marginal rate. It is only available if you aged 55 or more and are able to meet...