When you’re in income drawdown, seeking professional advice is essential and, in some cases, a legal requirement. Generally speaking, income drawdown could be a good option for people with a large pension pot and a reasonably high tolerance for investment risk as there could be a depreciation in the value of your original investment. non-pension savings and investments) to meet their basic needs. The amount of income you will receive is not guaranteed because it is wholly dependent on investment performance, so it will only work for people who have enough guaranteed income from other sources (i.e. Drawdown is extremely flexible but it is not without its risks. Who could income drawdown be beneficial for?Įssentially, income drawdown could work well for people who do not want to buy an annuity.
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