Retirement: HMRC confirm higher GAD rate for women in Income Drawdown

HMRC has confirmed, that following the introduction in December of new EU rules outlawing gender discrimination in financial products, the maximum amount available to women from Income Drawdown plans, will rise to be in line with that rate available for men. However, HMRC have said that the new rules will be reviewed when they see how Annuity providers react to the Gender Discrimination Directive. Our advisers are here to help you make the right choice...