Drawdown Pension definition
Drawdown Pension means the payment to you or a Dependant of a pension directly from your SIPP fund, or from a short-term annuity purchased from crystallised funds.
Drawdown Pension has the same meaning as in paragraph 4 of schedule 28 to the Act as amended by the 2014 Act.
Drawdown Pension means the payment to a member or a beneficiary of a pension directly from the member’s
Examples of Drawdown Pension in a sentence
A Member who is drawing pension by way of Income Withdrawal or Drawdown Pension may at any time elect to purchase a Lifetime Annuity with part or all of the remaining funds in his individual Credit, subject to the consent of the Administrator.
More Definitions of Drawdown Pension
Drawdown Pension means— (a) a short-term annuity, or
Drawdown Pension means taking regular amounts as income directly from an individual fund instead of buying an annuity contract from an insurance company. The part of the individual fund allocated for paying drawdown pension remains invested so its value can go up and down. The amounts you can take as “income” are subject to maximum limits set by the Finance Act and are reviewed regularly.
Drawdown Pension means the facility whereby a Member or a Dependant or a Beneficiary can take pension income by making withdrawals from their
Drawdown Pension means either a short-term annuity or income withdrawal as both those terms are defined in schedule 28 of the Finance Act.
Drawdown Pension has the same meaning as in paragraph 4 of schedule 28 to the Act. A Drawdown Pension shall be either capped or, where the Administrator is satisfied that a Member meets the flexible drawdown conditions (which has the same meaning as under the Act), uncapped (except that any withdrawal of Protected Rights under an interim arrangement falling within section 28A of the 1993 Act shall be capped as required by that Act);
Drawdown Pension means taking regular amounts as an “income” directly from your individual fund instead of buying an annuity contract from an insurance company. The part of your individual fund allocated for paying drawdown pension remains invested so its value can go up and down. fee schedule means the schedule we provide or make available to you from time to time, which sets out our fees in respect of your plan for specific services by us and our hourly fee rate for other work. The fee schedule will be as amended from time to time.
Drawdown Pension. – means a pension plan or arrangement where you’ve already started taking pension benefits in the form of a tax free cash lump sum and/or a regular income paid directly from the pension fund.