Income Withdrawal

Income Withdrawal













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Income Withdrawal

This is similar to Income Drawdown, but it is designed for those aged over 75. Confusingly, this is also known as an unsecured pension. This policy also allows a member of a pension scheme to continue there pension fund investment while taking a limited income. If someone has an Income Drawdown policy, but doesn’t want to buy an annuity yet they can take out an Income Withdrawal policy once they reach 75.