Properties
Alt label
- Alternatively secured incomes
- Drawdown pensions
- Income withdrawal pensions
SES ID
- 8316
- 51713
- 361804
- 52557
Notation
- 8316
In scheme
Broader
Related
Definition
- Proposed in Finance Bill 2003/04. Introduced April 2006. Instead of buying an annuity at age 75, an individual can continue to invest their pension savings and draw an income from their fund within laid down limits.