How do you prove income when on a drawdown pension?

Christian97 · 18 February 2017 at 4:40PM

I have jus retired and am starting to live off a drawdown pension, but was not planning on making regular withdrawals just yet, have the last of my salary to live on for a few months. However I need to buy a car and want to take advantage of 0% interest offer on Personal Contract Hire.

How do I prove that I have the funds to meet the payments? Anyone offer any advice please

Arleen · 18 February 2017 at 4:54PM

I'm not sure about details of drawdown pension, but generally speaking withdrawing from savings doesn't qualify as income.

Nearlyold · 18 February 2017 at 5:48PM

It's very rare for car finance companies to ask for any proof of income so you may not be asked anyway.

How do you prove income when on a drawdown pension?

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