Flexible Drawdown – All systems go
25/07/2011
The Treasury has now confirmed what elements can be used to satisfy the minimum income requirement (MIR) for Flexible Drawdown. There were question marks whether RPI-linked products could be included.
It has been announced, on 22 July 2011, that RPI linked annuities can be included in the MIR calculation, but investment-linked annuities without a guarantee are excluded.
Dentons can now offer Flexible Drawdown on all of its SIPP & SSAS products. Please contact us if you need any more details.