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Income Drawdown after age 75?
SallyG
Posts: 850 Forumite
My income drawdown annual statement says at age 75 [in ten years' time] if I don't then buy an annuity I must change to another "pension arrangement" - what's the law/reasoning behind that?
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Comments
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You are forced by law to crystallise at age 75. Some schemes can facilitate this with the same plan. Others require you to transfer.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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