When to opt for an income drawdown pension?

Author	Message
Written on: 17.11.2009 [17:36]
Helen Helen Topic creator Posts: 5	When should you opt for an income drawdown pension? Are there certain groups of people who will always benefit from this offer?
Written on: 24.11.2009 [18:22]
Sophia Sophia Posts: 2	It's a good idea to investigate income drawdown if the annuity rates when you want to sell your pension fund are low. Income drawdown allows you to withdraw an agreed amount from your pension fund whilst keeping it 'intact', waiting for annuity rates to improve. When the rates do improve, you can sell your fund for an annuity. Income drawdown also offers your spouse, or other dependants, a better deal if you die before age seventy-five. Since the fund is still intact, they can choose to buy an annuity for themselves, continue income drawdown or take a lump sum from the fund.
Also very interesting: Can someone explain the Pension Protection Act lump sum debate to me? Where to get free and simple information regarding the pensions A day? Finding an easy to use pension-value calculator Dept of Works & Pensions access to bank details? Why have final salary pensions stopped? FSA Pension calculator query: what is the lump sum? Is it necessary to send medical forms to the pensions office? Possible to recontract back into Serps pension? What is a pension protection lump sum death benefit? Are companies able to raid companies’ pensions and steal from its employees?