Articles - LV= comment on the rising GAD rate


 Ray Chinn, LV= Head of Pensions and Investments said:

 "For the majority of people, retirement is no longer an absolute event whereby they hit 65 and leave the workplace forever. It's become a phased event and income drawdown fits very neatly into that space.

 “Indeed, one of the reasons clients use income drawdown is because it allows them to turn the ‘income tap’ on and off. For those clients that continue to work this is extremely useful as it means that they can access their fund, but can drip feed the income so they don't end up in a higher tax bracket.

 “In January, a 65 year income drawdown client with a £100k fund will be able to take £7,320, rather than £7,080, from their fund.

 “An income drawdown product could provide many with the flexibility they require and we would encourage people to seek advice and consider all the options available, in order to maximise their income in retirement.”

Back to Index


Similar News to this Story

Using AI and technology to deliver FCA strategic priorities
Speech by Jessica Rusu, FCA chief data, information and intelligence officer, delivered at the AI and Digital Innovation Summit as part of City Week 2
Climate change pushing insurability to tipping point
With the costs of protection predicted to keep rising with climate risks and become increasingly unsustainable, Scott St. George examines the measures
July 2025 Edition of the Actuarial Post Magazine
With events in the Middle East taking centre stage from the initial air strike on Iran to the eventual US strike and now onto the uneasy ceasefire we

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.