Below you'll find a list of all posts that have been tagged as “Income Drawdown”
A potential big change made ‘through the back door’ A bundle of complex tax consultations published yesterday contained a potential bombshell for anyone expecting to inherit a pension pot free of income tax, Lane Clark & Peacock (LCP) says. Yesterday (18 July), HM Revenue & Customs launched a consultation on changes to pension taxation that could result in ordinary taxpayers having to …
Payback period on a benchmark £100,000 annuity today is 14.5 years Current record annuity rate levels have pulled the break-even point for holders closer by five years, latest statistics show. Canada Life yesterday (26 June) published figures which reconfirm the significant improvement in rates over the last 18 months. These improvements mean the payback period on a £100,000 benchmarked annuity …
The FCA says it expects firms to “challenge themselves on the level of charges they impose on investment pathways” and could consider imposing a cap. The FCA is consulting on new measures to stop consumers losing out on pension income when they access their pension freedoms. The regulator has previously expressed concern about consumers moving into drawdown and holding their …
Drawdown regrets for savers are putting pension freedoms at risk. Savers who invested in drawdown are unhappy with their choice while others admit they did not understand the risks before buying, new research* from MetLife shows. – More than one in five admit they did not understand the risks of conventional drawdown and more than one in 10 are unhappy …
New research has suggested that 10 per cent more people are likely to seek a guaranteed income – such as an annuity – than they were in the immediate aftermath of the introduction of pension freedoms in April this year. The latest index from financial forecasters eValue has revealed that 43 per cent are now exploring a guaranteed income post-retirement, …
Calls for crackdown on drawdown charges Which? the consumer group wants the Financial Conduct Authority (FCA) and Government to intervene in the drawdown market to ensure people are not confused by the wide range of charging options. Which? research has revealed huge differences in what pension providers are charging people looking to benefit from the new pension freedoms. Big differences …
