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drawdown enquiry |
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Who can benefit
from income drawdown?
If you do not want an annuity,
want the maximum tax-free lump sum, have other sources
of income and after tax free cash you have a pension
fund of £100,000
or more,
drawdown could be suitable for you.
Drawdown offers more flexibility than an annuity
but does have a higher risk due to the underlying
assets. |
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After
taking 25% tax free cash you can select to have no income
or any amount of income up to the maximum of 120% of a
single life annuity at your age.
As the underlying assets are equity based, ten years should
be the minimum term to achieve the desired fund performance.
If you are aged between 50 and 65 drawdown may be an option
for you. At age 75 you must either purchase an annuity
or switch to an Alternatively Secured Pension (ASP) to
continue a drawdown type arrangement.
Our partner firms service can advise people with pension
fund of £100,000
or more
on a suitable provider, funds to match your attitude to
risk and income level required. Any ongoing
advice can be given on an annual basis to monitor fund
performance if required. |
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Income drawdown quote - enquiry form
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To request an income
drawdown quote, please fill in the form below and submit it
to us. No charges are payable to complete this form and
our partner firm will send you a letter to your correspondence
address with instructions for further information.
If you're not sure about some of the boxes, leave them
blank and we will contact you with further questions if
necessary. Please read our terms
and conditions before you submit this form.
* required fields.
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What happens now?
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By submitting this form you are not
under any obligation or commitment to purchase a service
from our partner authorised firm; |
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Your information will only
be used to advise you on your income drawdown options; |
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To ensure you receive the most appropriate
advise, we reserve the right to share this information
with a partner authorised firm that are qualified to complete
your enquiry on our behalf. By submitting this form you
give us permission to do this; |
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By submitting this form you give us
and a partner authorised firm permission to contact you
by email, telephone or post to clarify or ask further
questions in relation to your enquiry; |
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On request, we will erase all information
you have submitted to us that we have on our files; |
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If you have any difficulty
completing the form, please let us know by email and we
can call you to take your details; |
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When our partner firm receives this
form and have checked that the details are complete they
will send you their standard income drawdown pack requesting
further information, enclosing a letter of authority for
them to speak to your scheme if required. This allows our partner firms to produce drawdown quotes from a number of providers. By submitting
this form you give them the authority to do this; |
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If you require our partner firms to conduct any research on your behalf in relation to your retirement benefits in order to produce drawdown quotes, a fee may be require for the service provided. In this case they will inform you of this fee before conducting any work and send you their fee agreement
giving an estimate of the total cost for the
advice. |
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Once our partner firm
have received all the information they need, they will make their
recommendations and send you drawdown quotes secured from providers. |
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If you wish to proceed
with income drawdown, our partner firm can then liase
with your scheme administrators to make the necessary
arrangements to facilitate the transfer, and submit the
required documents and application forms with the receiving
scheme to accept the transfer for income drawdown. |
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