The income drawdownGAD rate for March 2011 will be set at 4.25%. Remember this is the last GAD under the old drawdown rules and will be replaced by the new Capped Drawdown and Flexible Drawdown from April onwards.
Therefore the GAD calculations with a £100,000 fund will be:
Male, 60 [100% GAD = £6,200]
[Max income (120% GAD) = £7,440]
Male, 65 [100% GAD = £7,000]
[Max income (120% GAD) = £8,400]
Female, 60 [100% GAD = £5,900]
[Max income (120% GAD) = £7,080]
Female, 65 [100% GAD = £6,500]
[Max income (120% GAD) = £7,800]
*The minimum income remains at zero.*
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