Pension Drawdown Calculator – Make your pension Last
Pension Drawdown Calculator
The pension freedoms that brought us the concept of Pension drawdown rather than being forced to choose an annuity are generally welcomed as a great improvement in terms of choice.
With these freedoms comes a degree of danger and a Pension Drawdown calculator is very helpful in establishing how much can be taken and ensuring that the fund and income will last your lifetime or more.
There are HMRC pension drawdown rules HMRC Pension Drawdown Rules – Avoid Tax penalties that you should be aware of which if you ignore can result in a hefty tax clawback from the HMRC.
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