Managing Your Money 

Pick the right platform for income drawdown

Pick the right platform for income drawdown

Since April 2015 those aged over 55 have been able to access their pension savings and draw on them in a greater variety of ways, including unrestricted income drawdown, and a growing number of people are opting to do this. HM Revenue & Customs (HMRC) reports that £1.86bn was paid out as flexible payments from pensions in the second quarter of this year, the largest quarterly amount paid out since pensions freedoms were introduced in April 2015. 

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