![]() Staying within the capped limits for income will not trigger the MPAA. It is possible to continue pension contributions while in capped drawdown (although not into a drawdown plan which can only hold crystallised funds). Any required income (within certain limits) can be withdrawn directly from the fund, or indirectly by purchasing a short-term annuity. But rather than buying an income using an annuity with the remaining funds, the funds continue to be invested within a crystallised pension. At the point of crystallisation, the client can usually take a PCLS, tax-free, from the pension fund. The basics of a capped drawdown contract are relatively simple.
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