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"Dripfeed drawdown"
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EdInvestor
Posts: 15,749 Forumite
Not a new concept, but a good explanation of how to use the drawdown idea for those who are still working part-time, so as to avoid excessive tax and maintain access to death benefits.
Interesting to see that drawdown is now taking 21% of the retirement market, from virtually nil in the 90s.
http://www.ifaonline.co.uk/public/showPage.html?page=ifa2006_articleimport_viewpoint&tempPageName=815687
Similar concept to equity release drawdown, where the aim is to avoid excessive roll-up of lifetime mortgage interest cutting into property value and reducing future options for inheritance or moving.
Good to see more innovation in this market.
Interesting to see that drawdown is now taking 21% of the retirement market, from virtually nil in the 90s.
http://www.ifaonline.co.uk/public/showPage.html?page=ifa2006_articleimport_viewpoint&tempPageName=815687
Similar concept to equity release drawdown, where the aim is to avoid excessive roll-up of lifetime mortgage interest cutting into property value and reducing future options for inheritance or moving.
Good to see more innovation in this market.
Trying to keep it simple...
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