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Maximum amount in drawdown
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PaulCooper
Posts: 296 Forumite
Can one of you knowledgeable people out there, telll me approximately the maximum amount that I can take from my pension fund p.a.
I'll be 59, male, in good health, not sure if all that makes a difference. All of my investments will be in drawdown-- I've taken the 25%s. The amount of money in the fund will be around >£500k. I think it's around £30K, but I'd like to see the maths behind that now the government have gone back to adding the 20%
Thanks
Paul
I'll be 59, male, in good health, not sure if all that makes a difference. All of my investments will be in drawdown-- I've taken the 25%s. The amount of money in the fund will be around >£500k. I think it's around £30K, but I'd like to see the maths behind that now the government have gone back to adding the 20%
Thanks
Paul
0
Comments
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You'll get 5.76% based on the current GAD rate of 4.8%.I am an IFA. Any comments made on this forum are provided for information only and should not be construed as advice. Should you need advice on a specific area then please consult a local IFA.0
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Use this to do your own 'what ifs'....
http://www.hl.co.uk/pensions/income-drawdown/income-drawdown-calculator0
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