Flexible drawdown

A form of drawdown pension (www.practicallaw.com/7-507-1079) available since 6 April 2011 for a member of a registered pension scheme (www.practicallaw.com/5-201-6474) who has money purchase (www.practicallaw.com/0-107-6857) benefits and who has reached normal minimum pension age (www.practicallaw.com/5-204-0445). There is no limit on the annual income a member can draw under flexible drawdown, but to qualify for this option he must satisfy a statutory minimum income requirement of £12,000 a year. See also capped drawdown (www.practicallaw.com/2-507-1114).

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