Pensions just got flexible with new drawdown rules
Friday, October 28, 2011 | Posted by: Mike Hyland
Categories:
Personal,
Protecting your wealth
| Tags: tax,
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James Temperley,
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50% tax
A common reason clients give for not wishing to contribute to pensions are the restrictions on how and when they can access their pension benefits after retirement. From April this year there is a new option for such retirees. Flexible drawdown, as the name suggests, will give individuals much more freedom as to how they take their pension benefits.
