Using Drawdown to provide you with a retirement income that will last

Since the introduction of Pension Freedoms in 2015, using Flexi-Access Drawdown has become an increasingly popular way to access retirement savings. But research suggests that some could be withdrawing too much, putting them at risk of running out of money. Flexi-Access Drawdown allows you to leave your pension invested and adapt how much income you take from it over time. For pensioners that want flexibility and greater control over their retirement finances, it's proved a popular option. However, it does come with the responsibility to ensure that a sustainable level ...

Retirement: Planning to raid your pension to invest in buy to let? 6 reasons why you should think again

6 reasons why people who plan to raid their pension to invest in buy to let should think again New research has discovered that an astonishing number of people plan to raid their pension pot and invest in buy to let property. From April next year anyone over the age of 55 will have unprecedented access to their pension, with no restrictions on the amount of money they withdraw. It appears that large numbers of people plan to use these new freedoms to buy rental property. The survey by Bank of Ireland ...

‘In the Spotlight’: The latest on pension freedoms from Andy Bell

Spotlight AJ Bell As a follow up to our interview with AJ Bell founder Andy Bell earlier this month, we’ve managed to secure a little more of Andy’s time to discuss his views on the Government’s response to the consultation on the post- April 2015 pension freedoms. Phillip Bray: Can you give us a snapshot of your views on Monday’s announcements? Andy Bell: In terms of Monday’s news I’d sum it up as more positive than negative. The majority of the announcements were sensible in the context of the wider reforms. Looking at the broader ...

Retirement: Boost for Income Drawdown investors

Boost - Blue ButtonRetirees who use Income Drawdown to turn their pension into an income, rather than an Annuity, have been given a boost as rising gilt yields have increased the maximum amount of income which can be taken each year. Income Drawdown is the traditional alternative to an Annuity purchase and allows the retiree to remain invested in a range of assets, often including stocks and shares, whilst drawing an income directly from the pension fund. Income Drawdown rates rise The maximum income which ...