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The Pension Drawdown Company Ltd

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The Pension Drawdown Company Ltd

Overview:

A Pension Drawdown is a personal pension plan which allows you to access your pension to provide a variable income stream whilst keeping your pension funds invested and under your control. They have existed in various forms since 1996 but April 2015 heralded the biggest changes to pension drawdown products in a generation.

The April 2015 changes to pensions granted Pension Freedom to everyone – the right to access your pension from the age of 55 in the way that you choose.

New products have been introduced to reflect the new Pension Freedoms and now more than ever it is important to take regulated financial advice from experienced professionals to ensure you are making the right decisions for your future.

The main retirement providers are still in the process of launching their revised and enhanced new products including –

Flexi-Access Drawdown
Uncrystallised Fund Pension Lump Sums
Guaranteed Income Drawdowns
Annuities with 20 & 30 year guarantees
New products allowing "Blended Approach" of annuity, drawdown and cash account
It is important to make sure you are taking advice from regulated and experienced professionals who are aware of all the latest products.

Many of the older types of pensions do not offer the new income flexibilities or death benefit flexibilities of the new Pension Freedoms, whilst others might offer valuable guarantees. Other than your home, your pension is most likely to be your most valuable asset, and it is outside of your estate from an Inheritance Tax perspective. The latest changes to pensions means that if you die before age 75 it is possible to leave your pension tax-free to your nominated beneficiaries.

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Ascent Limited

Experience The Difference. Ascent Limited provides first class wealth management and family office services. Our private banking team, assembled from a group of highly experienced banking professionals, will provide financial advice tailored to your individual requirements and keep your portfolio in tune with the latest market developments and opportunities.

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