Income Drawdown
Income Drawdown (also referred to as Unsecured Pension) is where pension policyholders choose to continue keeping their retirement savings invested and take an income each year – rather than buying an annuity. This facility can only be used from age 55 onwards.
From 6 April 2011, the rules are all set to change – the government is currently running a consultation so we will update this page once these details are released.
For more information on income drawdown plans and charges, please contact your PK Group Advisor today. If you have not worked with us before, please do get in touch today and one of our pensions specialists will be pleased to have an informal chat.
