Flexi-Access Drawdown Launched

 
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Flexi-Access Drawdown Available Now

     

Flexi-Access Drawdown is the new name given to drawdown contracts that start after 6 April 2015.

These contracts comply with the Government’s Pension Freedoms announced in the 2014 Budget. As such they will allow you to use your pension fund as you want, once you are aged 55 or older. As the Chancellor George Osborne explained ‘Pensioners will have complete freedom to draw down as much or as little of their pension pot as they want, anytime they want’.

Flexi-Access Drawdown can be used in many ways to help customers achieve their own personal goals. For many it is likely to be more tax efficient than using their personal pension like a bank account.

We provide free no obligation quotes and an information pack explaining the important things you need to know including the risks as well as the benefits. You can visit our sister site www.flexi-access-drawdown.uk or for your free flexi-access drawdown quote and information pack please click here.

Some of the more common uses of flexi-access drawdown will  be :

To only release the tax free lump sum from your pension pot

To keep your remaining pension fund invested until you need an income

To have access to an emergency fund if necessary

To generate further tax free lump sums in the future

To withdraw money from your pension pot as tax efficiently as possible

To take more income than available from an annuity

To take all of your pension as a lump sum or series of lump sums

To reduce future inheritance tax liabilities

To guarantee that the full value of your pension pot either goes to you, or the ones you love

All of the examples above can carry a number of risks or tax charges. Before you make any decision it is important that you are fully aware of the possible consequences so that you can make an informed decision. At Best Pension Annuity, we have been helping customers make use of their pension funds in all kinds of ways. We are truly proud of the feedback our customers give us. If you have any question about flexi-access drawdown or how we can help, please don’t hesitate to contact us. You can call us on 020 33 55 4827 Now !!

By Bob Cook
Published : 10th April 2015
Nothing in this article should be taken as personal advice and recommendation. UK tax rates and pension legislation are liable to change and concepts, rates, legislation and rules referred to may not be current at the time you read this article.
 

 

 
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