Pensions tax: drawdown pension arrangements | Practical Law

Pensions tax: drawdown pension arrangements | Practical Law

This note considers pension drawdown, focusing on the tax rules regarding flexi-access drawdown that were introduced for members of money purchase pension arrangements at the start of the 2015/16 tax year. The note also looks at the predecessor capped and flexible drawdown arrangements that applied from the start of the 2011/12 tax year. The note considers the main legal requirements governing flexi-access drawdown for members and their surviving dependants and other beneficiaries and discusses whether hybrid schemes providing primarily defined benefits may want to introduce partial drawdown options for members with money purchase benefits.

Pensions tax: drawdown pension arrangements

Practical Law UK Practice Note 4-507-1900 (Approx. 26 pages)

Pensions tax: drawdown pension arrangements

MaintainedUnited Kingdom
This note considers pension drawdown, focusing on the tax rules regarding flexi-access drawdown that were introduced for members of money purchase pension arrangements at the start of the 2015/16 tax year. The note also looks at the predecessor capped and flexible drawdown arrangements that applied from the start of the 2011/12 tax year. The note considers the main legal requirements governing flexi-access drawdown for members and their surviving dependants and other beneficiaries and discusses whether hybrid schemes providing primarily defined benefits may want to introduce partial drawdown options for members with money purchase benefits.