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Income Drawdown
Explained

Income Withdrawal,
USP,
Unsecured Pension,
Unsecured Pension
Income are exactly the
same thing!
Never buy an annuity unless you want
to
Leave your pension to your children
when you die; not to Gordon Brown
Take out Tax
Free Cash & choose how much, if any, income you take
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Never have to buy an annuity
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Income Withdrawal / Drawdown
means that you decide
(within limits) how much pension you have
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You can take Income Drawdown
now and switch to an Annuity later
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Or you can 'mix
and match' Income Drawdown and Annuity purchase for
ultimate flexibility - Phased Retirement
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Your pension need not die when you
do;
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Your children can inherit your pension
(before age 75)
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There
may be a tax charge on death, but it is better to pay
some tax rather than have the entire pension die with
you
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When you reach age 50
(55 from April 2010),
you can take 25% of your pension fund as TAX FREE CASH
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The other 75% can buy an annuity, but
it never has to -
You can use it to take Income
Drawdown
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You don't have to
draw any income if you don't want to
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At the 'top end' you can draw an
income 20% more than the maximum annuity you could have
chosen
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So you have huge flexibility as
regards the income you take
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Even better: you can change this
income year by year
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So, if you need more income you can
increase it, and vice versa
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And, if you die the remaining fund
goes to your dependents less a tax charge
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If you had an annuity the annuity
would die with you (or on the second death of your
spouse)
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So Income Drawdown is hugely more
flexible than buying an annuity
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You may be wondering how Income
Drawdown works
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Well, we
sort this out for you
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We agree
a plan with you of what income you want and when you
want it
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We sort
out who should get the money if you die
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We
discuss where you want the money invested until you draw
it
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We
regularly review this plan and draw up a new one if your
circumstances change
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So, you
don't have to worry about the details, we will sort them
out for you
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Our
concern is to give you excellent advice and admin and
take the hassle away from you
If you want to consider
whether Income Drawdown or Annuity is best for you then
please
Have you got at least £250K
in Pension Funds? Then Offshore planning may be
advantageous for you
Enquire
about Income
Drawdown
or, call us on 01296 468577
Contact
Information
Address
Kynaston-Carnoustie Financial Consultancy Limited
Kingfisher House, Walton Street, Aylesbury,
Bucks, HP21 7AY
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KCFCL Ltd is registered in England and Wales
- Company
registration number 5527923
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Authorised and Regulated by the Financial Services Authority
For full regulatory
information please click here
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