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Flexible drawdown rules
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jeffian
Posted: 25 February 2012 23:14:41(UTC)
#1

Joined: 09/03/2011(UTC)
Posts: 954
I have an annuity which pays more than £20k/year which qualifies me for 'flexible drawdown' on some other pension funds on which I have yet to draw. The terms of the annuity provide for the total annual sum (100%) to continue to be paid to my wife for her lifetime after my death. She has built up her own Stakeholder Pension. My question is this; as she is guaranteed an income exceeding £20k from my annuity after my death, is she entitled to 'flexible drawdown' of her own pension fund now?
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anotherpensionman
Posted: 28 February 2012 14:05:27(UTC)
#2

Joined: 21/07/2011(UTC)
Posts: 5
No, she would have to be in receipt of the £20k income not just entitled to it at a future date after your death.
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jeffian
Posted: 28 February 2012 16:05:33(UTC)
#3

Joined: 09/03/2011(UTC)
Posts: 954
Thanks. I feared that was the case!
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