Income Drawdown Q & A: Everything you need to know about the Income Drawdown changes

Barnett WaddinghamIn our latest guest blog Andy Leggett from Barnett Waddingham looks at the recent changes to Income Drawdown and how they will affect you: Higher Drawdown Rates from 26 March 2013 In April 2011, the maximum pension that a member could drawdown as income was reduced from 120% of the equivalent annuity rate (set by GAD – the Government Actuary’s Department) to 100% of this rate. In George Osborne’s Autumn Statement, the Chancellor responded to pension industry concerns about ...

SIPPs: Investment Sense extends their SIPP tables

SIPPs: Investment Sense extends their SIPP tablesWe launched our SIPP (Self Invested Personal Pension) tables, showing a range of information, including charges and allowable investments, in September last year. Since then we have regularly added more SIPP providers and we now cover nearly 80 SIPPs. A year on, and in response to questions and queries we have received, we have now extended the tables to provide even more information....

Retirement: Scheme Pension, an alternative to an Annuity or Income Drawdown?

Guest Blog Talbot & MuirMost would-be retirees are aware of how an Annuity works and other options such as Enhanced Annuities, Income Drawdown are becoming more popular. However, as falling gilt yields push Annuity rates ever lower and reducing the maximum available income from Income Drawdown plans, one retirement option is passing most people by completely unnoticed. We asked Oliver Bowler, of Talbot & Muir, to explain more about Scheme Pension, what it is, and how it works, this is what he had ...

10 ways to take money from your pension

Can you name all 10 ways to take money from your pension?When it comes to taking money from a pension most people just take the tax free lump sum and then buy a Lifetime Annuity, but there are so many other options available. We can think of 10, how many can you name? We thought we would take ‘whistle stop tour’ of all the options available to you, some you will know, some you may have forgotten and others you might ...