Flexible Drawdown, Minimum Income Requirement & RPI-linked annuities
The government has passed legislation which means RPI-linked annuity income without a ‘floor’ will now count to the Minimum Income Requirement for Flexible Drawdown.
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The government has passed legislation which means RPI-linked annuity income without a ‘floor’ will now count to the Minimum Income Requirement for Flexible Drawdown.
Following the publication of the draft Finance Bill 2011 last Thursday, we have today published our latest briefing note, looking at the removal of the requirement to buy an annuity at age 75.
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