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- Income_drawdown abstract "Income Drawdown is a method withdrawing benefits from a UK Registered Pension Scheme.[1]. It is only possible for those who own, or transfer to, a Personal Pension.Capped Income Drawdown permits the policy holder to withdraw an annual income between nothing and a maximum based on the initial fund value, their age at the time, and the current rates set by the UK Government Actuary's Department. The maximum is revised every three years until the 75th birthday and thereafter at annual intervals. The individual can choose to buy an annuity at any time. Individuals who can demonstrate that they have guaranteed pension earnings of twenty thousand pounds or more can use Flexible Income Drawdown. This permits unlimited withdrawals. All withdrawals are treated as taxable UK income.Income drawdown commences whenever the individual withdraws the allowable Pension Commencement Lump Sum (a tax free lump sum of up to 25% of the scheme value) and a life annuity is not purchased with the remainder. The Income Drawdown fund is also known as a crystallised pension fund. It is possible to crystallise a pension in stages, though it must be completed by the individual's 75th birthday.".
- Income_drawdown wikiPageExternalLink ihtm17302.htm.
- Income_drawdown wikiPageID "34753118".
- Income_drawdown wikiPageRevisionID "602199134".
- Income_drawdown hasPhotoCollection Income_drawdown.
- Income_drawdown subject Category:Pensions_in_the_United_Kingdom.
- Income_drawdown type Abstraction100002137.
- Income_drawdown type Cost113275847.
- Income_drawdown type Outgo113275288.
- Income_drawdown type Payment113278375.
- Income_drawdown type Pension113384164.
- Income_drawdown type PensionsInTheUnitedKingdom.
- Income_drawdown type Possession100032613.
- Income_drawdown type RegularPayment113281275.
- Income_drawdown type Relation100031921.
- Income_drawdown type TransferredProperty113252973.
- Income_drawdown comment "Income Drawdown is a method withdrawing benefits from a UK Registered Pension Scheme.[1]. It is only possible for those who own, or transfer to, a Personal Pension.Capped Income Drawdown permits the policy holder to withdraw an annual income between nothing and a maximum based on the initial fund value, their age at the time, and the current rates set by the UK Government Actuary's Department. The maximum is revised every three years until the 75th birthday and thereafter at annual intervals.".
- Income_drawdown label "Income drawdown".
- Income_drawdown sameAs m.0j643qr.
- Income_drawdown sameAs Q6015047.
- Income_drawdown sameAs Q6015047.
- Income_drawdown sameAs Income_drawdown.
- Income_drawdown wasDerivedFrom Income_drawdown?oldid=602199134.
- Income_drawdown isPrimaryTopicOf Income_drawdown.