Pension Income Drawdown
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Income Drawdown Explained                                Please Click to Enquire

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

  • Never have to buy an annuity

    • Income Withdrawal / Drawdown means that you decide (within limits) how much pension you have

    • You can take Income Drawdown now and switch to an Annuity later

    • Or you can 'mix and match' Income Drawdown and Annuity purchase for ultimate flexibility - Phased Retirement

  • Your pension need not die when you do;

    • Your children can inherit your pension (before age 75)

    • 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

  • When you reach age 50 (55 from April 2010), you can take 25% of your pension fund as TAX FREE CASH                               

    • The other 75% can buy an annuity, but it never has to

    • You can use it to take Income Drawdown

    • You don't have to draw any income if you don't want to

      • At the 'top end' you can draw an income 20% more than the maximum annuity you could have chosen

      • So you have huge flexibility as regards the income you take

      • Even better: you can change this income year by year

      • So, if you need more income you can increase it, and vice versa

      • And, if you die the remaining fund goes to your dependents less a tax charge

    • If you had an annuity the annuity would die with you (or on the second death of your spouse)

      • Annuities can however be bought with a guarantee period so some money goes to your dependents

    • So Income Drawdown is hugely more flexible than buying an annuity

    • You may be wondering how Income Drawdown works

      • Well, we sort this out for you

      • We agree a plan with you of what income you want and when you want it

      • We sort out who should get the money if you die

      • We discuss where you want the money invested until you draw it

      • We regularly review this plan and draw up a new one if your circumstances change

      • So, you don't have to worry about the details, we will sort them out for you

      • 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

KCFCL Ltd is registered in England and Wales

          Company registration number 5527923
 

Authorised and Regulated by the Financial Services Authority For full regulatory information please click here
 
TAKE CONTROL OF YOUR PENSION

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Last modified: 20-Jul-2008