A ‘capped’ (limited) income can be withdrawn from the fund. Capped drawdown (for schemes in place before 6 April 2015) lets clients take a tax-free lump sum, then continue to invest the remainder within a crystallised pension. ![]() The most appropriate method will depend on whether your client’s scheme was in place before 6 April 2015, and their particular aims and objectives. Specific approaches include capped drawdown, flexi-access drawdown and optional, short-term annuities. ![]()
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