The Treasury announced new rule changes for 2011 that affects income drawdown and pension annuities and effectively ends the compulsory annuity purchase at age 75. Here at Retirement Solutions we have produced a quick guide to explain the new rule changes. The Free Guide to rule changes for pension annuity and income drawdown is available for download here.
The free guide covers changes to the annuitisation rules for pension annuity purchase at age 75 as well as the new Capped Drawdown that replaces unsecured pension, in addition to the new Flexible Drawdown. Also covered are the changes to the death benefits from April 2011.
These retirement products are complicated and we here at retirementsolutions.co.uk suggest very strongly that you seek independent financial advice before entering into any agreement.
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