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You searched for the term Income drawdown Your search returned the following 40 results...
 
  • Income Drawdown - frequently asked questions - Royal London for advisers

    Income Drawdown - frequently asked questions Q Guy is considering transferring his capped drawdown plan to a new provider. Can he do this and keep his plan as a capped drawdown plan or will it convert to a flexi-access drawdown plan? A Yes he can. Although it has not been possible to start a new...

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    Frequently asked questions

  • Governed Range for drawdown - Royal London for advisers

    Governed Retirement Income Portfolios (GRIPs) An investment proposition specifically for income drawdown. Our Governed Retirement Income Portfolios (GRIPs) are designed for customers who are looking to take a regular income. They come with the same expert governance and automatic updates...

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    Investment options

  • Income drawdown - Royal London for advisers

    Integrated drawdown facility Pension Portfolio lets you move your clients seamlessly into drawdown – from within the same plan. We call this Income Release. Available to clients aged 55+ with at least  £15,000 in their Core Investments. We’ll typically pay tax-free cash into your client’s bank...

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    Personal

    Income Release

  • Capped income drawdown and review dates - Royal London for advisers

    Capped income drawdown and review dates Capped income drawdown involves taking a pension directly from a fund instead of buying an annuity. There is, however, a limit on the maximum amount of income that can be withdrawn during a year and this limit is reviewed on a frequent basis. Key facts Since...

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    Information and guidance

  • Income drawdown from Royal London - Royal London for advisers

    Income drawdown from Royal London At Royal London, we’re committed to supporting you and your clients. That's why we've taken the time to design our drawdown proposition. From carefully crafted investments, to flexible retirement options, we’ve fine-tuned things to create an overall package...

  • New Defaqto drawdown guide - ‘Using drawdown to provide a sustainable income’ - Royal London for advisers

    New Defaqto drawdown guide - ‘Using drawdown to provide a sustainable income’ 1 October 2020 Share Share We’re proud to sponsor this year’s Defaqto drawdown guide – ‘Using drawdown to provide a sustainable income’. What’s in the guide? We’ve worked closely with Defaqto and our own Royal London...

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    News

    Blog

  • Remuneration - Royal London for advisers

    ...contribution into your client’s plan before cancelling units to pay the adviser charge. We'll always deduct the charge from your client's plan before making a payment to you. Self Investments and income drawdown If your client uses our Self Investment and/or our income drawdown facility – Income...

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    Personal

    Pension Portfolio

  • Benefit options - Royal London for advisers

    ...you will find: Basics Case studies Income drawdown Lifetime allowance Lump sums Reaching age 75 Recycling Retirement benefits in public service pension schemes   Basics This analysis focuses on when benefits can be taken, summarises the main options available and also looks at the restrictions...

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    Information and guidance

  • Death benefits pre 6 April 2015 overview - Royal London for advisers

    ...allowed the payment of a capital sum triggered by the dependant's death, apart from annuity protection, and not have been capable of being assigned or surrendered, unless there was a pension sharing order Dependant's capped drawdown pension Dependant's income could have been paid in two ways. Either...

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    Information and guidance

  • Taking benefits - Royal London for advisers

    ...on the type of plan, to phase benefits. Income from a pension is taxed as earned income. Income can be paid in one or a combination of ways: secured pension income drawdown partial uncrystallised funds pension lump sum The options on how the benefits can be provided depends on the type of pension plan...

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    Information and guidance

  • Benefit options summary - Royal London for advisers

    Income drawdown  Early retirements    Ill health  Severe ill health Serious ill health  Summary An individual’s uncrystallised rights may be paid if the individual is in ill-health at any age. An individual's uncrystallised rights may be paid at any age if they are unlikely to be able to do any type...

  • Retirement options follow-up mailing - Royal London for advisers

    ) 2TLT1337/1 Individual Personal Pensions Individual Talisman Phased Retirement Plan 2TLT1334 Individual Personal Pensions Individual Talisman 98 Income Drawdown 2TLT1334 Individual Personal Pensions Individual Talisman 98 Phased Income Drawdown 2TLT1334 Individual Personal Pensions Individual Talisman 98...

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    News

  • Pensions A to Z - Royal London for advisers

    Benefit options summary Business structures and pensions C Capital gains tax exempt amounts Capped income drawdown and review dates Carry forward Carry forward made easy(ish) Carry forward - transitional rules for DB schemes (pre 6 April 2016) Carry forward - transitional rules for DC schemes (pre 6...

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    Pension freedom

    Auto enrolment

    Information and guidance

    ...

  • Taxation of pension death benefits - Royal London for advisers

    ...inheritance tax special lump sum death benefits charge These mostly apply regardless of whether death benefits are paid as a lump sum, beneficiary income drawdown or beneficiary annuity. In this article we look at each tax in turn. Income tax Since 6 April 2015, the income tax situation of pension...

  • Frequently asked questions - Royal London for advisers

    Eligibility Income drawdown Investments, property and borrowing Lifetime Allowance Overseas Pension ages Pensions and divorce Protection - primary, enhanced, fixed and individual protection Qualifying recognised overseas pension schemes (link to HMRC website) Retirement benefits Safeguarded rights Salary exchange Scheme sanction charges (link to HMRC website) Transfers Triviality and small pots...

  • Now is the time to review your drawdown advice process - Royal London for advisers

    Now is the time to review your drawdown advice process Ryan Medlock 23 March 2021 Share Share Our Senior Investment Development and Technical Manager, Ryan Medlock looks at the impact of the last 12 months on income sustainability and considers whether this has brought adviser processes around...

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    News

    Blog

  • Introducing Pension Portfolio - Royal London for advisers

    ...client’s at. Does Pension Portfolio enable income drawdown? Yes it does. In fact your clients can move seamlessly into drawdown from within the same plan. Our Defaqto 5 Star rated drawdown facility, Income Release, provides one of the highest quality offerings in the market, with a range of tax-free...

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    Personal

  • Lifetime allowance explained - Royal London for advisers

    ...balance) benefits Drawdown - The valuation basis is based on the actual fund value (market value of the assets) used to secure either: income drawdown (whether capped* or flexi-access drawdown), or short-term annuities * It's not been possible to set up a new capped drawdown plan since 6 April 2015...

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    Information and guidance

  • HMRC Inheritance Tax Manual - Royal London for advisers

    IHTM17091 Excepted group life policies IHTM17100 Other provisions IHTM17101 Pensions: other provisions: Tax Bulletin IHTM17102 Pensions: other provisions: income drawdown IHTM17103 Pensions: other provisions: ABI guidance note IHTM17104 Pensions: other provisions: lifetime transfers IHTM17106 Pensions...

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    Pension freedom

    Auto enrolment

    Information and guidance

    ...

  • Latest pension news with Viewpoint - Royal London for advisers

    Skip to content Contact us Search Login / Register FOR ADVISERS ONLY Toggle navigation Home Pensions Protection Investment Technical Central Literature library Tools About us Personal pensions Workplace pensions Income drawdown Business support Service ProfitShare Welcome to Viewpoint Viewpoint...

  • Money purchase annual allowance - Royal London for advisers

    ...are the main triggers for the money purchase annual allowance: - taking an uncrystallised funds pension lump sum - taking flexi-access drawdown income - taking more than maximum Government Actuary's Department income from a capped drawdown plan The money purchase annual allowance does not apply to defined...

  • Trivial lump sums - Royal London for advisers

    ...with the scheme rules. Annuity in payment before 6 April 2006 Multiply the member's annual annuity at 5 April 2006 by 25. Income drawdown in payment before 6 April 2006 Multiply the relevant GAD maximum withdrawal at 5 April 2006 by 25. Annuities/scheme pensions/ income drawdown in payment after 6...

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    Information and guidance

  • Why are drawdown transfers few and far between? - Royal London for advisers

    . However, when it comes to income drawdown plans, advisers seem reluctant to change one drawdown contract for another. I’m not saying it never happens, but given the size of the drawdown market in a post-pension freedoms world, and the pace of regulatory, product and technological change, it’s much...

  • Drawdown governance service - Royal London for advisers

    Drawdown governance service Our drawdown governance service has been designed to help you monitor the sustainability of your clients’ income and see when things are heading off track. Every quarter, our drawdown governance service calculates a new income sustainability score for your clients, based...

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    Tools and support

  • Nominee and successor flexi-access drawdown - Royal London for advisers

    Nominee and successor flexi-access drawdown The retirement freedoms introduced the concept of nominee and successor flexi-access drawdown.  We consider what they are, how they operate and their attraction. Key facts Since 6 April 2015 you no longer have to be a dependant to receive drawdown income...

  • Lifetime allowance - how benefits are tested - Royal London for advisers

    ...excess. They must then inform HMRC who will contact the beneficiaries to request payment of the tax, who will pay it from the death benefits received. The lifetime allowance excess tax charge is 55% (£59,728.75) if taken as a lump sum or 25% (£27,149.43) if used to provide pension income such as drawdown...

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    Information and guidance

    Case studies

  • Use our tools for pensions and retirement - Royal London for advisers

    . Client review service Use as part of your regular review process to show clients how their plan is doing and what their future looks like. Drawdown governance service Helps you monitor the income your drawdown clients are taking and see when things are heading off track. Risk profiling tool Gives you...

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    Tools

  • Autumn Statement 2013 - Royal London for advisers

    (GAD) was commissioned to review the income drawdown tables and the underlying assumptions used to provide drawdown rates to make sure they continue to reflect the annuity market. As a result of its findings, there will be no change in the basis on which the GAD tables are formulated. State pensions...

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    Information and guidance

  • Income sustainability scores now updated – q4 2020 - Royal London for advisers

    Income sustainability scores now updated – Q4 2020 11 February 2021 Every quarter, our drawdown governance service (DGS) calculates a new income sustainability score for your clients, based on what's happening in the market. The income sustainability scores for Q4 2020 have now gone live. Here’s...

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    News

  • Our tools assumptions for Q3 2020 are now updated - Royal London for advisers

    Income sustainability scores now updated - Q3 2020 25 November 2020 Every quarter, our drawdown governance service calculates a new income sustainability score for your clients, based on what's happening in the market. The income sustainability scores for Q3 2020 have now gone live. Here’s...

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    News

    Blog

  • Retirement - frequently asked questions - Royal London for advisers

    drawdown income, will his Pension Credit remain unaffected? A: DWP will assume he's receiving a ‘notional’ income from his drawdown plan and calculate his Pension Credit (and any other means-tested benefits he receives) accordingly, regardless of the amount of drawdown income he actually takes...

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    Frequently asked questions

  • Lifetime allowance charge - Royal London for advisers

    2021 and had a benefits value of £2.5 million.  He had no lifetime allowance protection; a tax-free lump sum (TFC) entitlement of 25% and he wanted to take the income element by drawdown and the excess benefits over the lifetime allowance as cash.  The tax charge would have been as follows:  Image...

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    Information and guidance

  • Why transfers in drawdown (TIDs) will be a key theme for advisers and the industry - Royal London for advisers

    ...retirement due to no longer having sufficient funds or be concerned about the sustainability of their income. Others may be looking to tap into their pension and drawdown plans to help them make ends meet in the short term. It's clear there's a strong demand for financial advice as people look...

  • Covid-19 and the money purchase annual allowance (MPAA) - Royal London for advisers

    ...of which are: taking income from a flexi access drawdown plan taking income greater than the max GAD from a capped drawdown plan taking an uncrystallised funds pension lump sum (UFPLS). Of course, many people are under financial strain during the current COVID-19 crisis and may be tempted to access...

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    Pension freedom

  • The Taxation of pension death benefits - Royal London for advisers

    ...at the recipient’s marginal rate of tax.  So if a lump sum is taken then this could have major tax implications but remember income tax is only paid when drawdown funds are withdrawn so if the money isn’t touched – or kept within the personal allowance then there won’t be an income tax charge...

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    News

    Blog

  • Lifetime allowance - All you need to know - Royal London for advisers

    %. Alternatively, the excess can be used to provide an income, by either a pension annuity or income drawdown. The charge is then 25% but of course any pension instalments or withdrawals made will be taxed at the individual’s marginal rate of income tax. If the individual pays income tax at 40%, the tax ‘take...

  • Back office guide - Royal London for advisers

    Pension Portfolio Retirement Solutions Group Personal Pension Capital Investment Bond Talisman Personal Pension Plan Talisman Group Pension Plan Capital Trust Personal Pension Investment Plan Retirement Solutions Group Stakeholder Plan   Talisman Income Drawdown Plan Talisman Personal Pension Plan...

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    Online service

  • Safeguarded benefits - Royal London for advisers

    ...crystallisation without the need for an adviser to be a pension transfer specialist. For example, a transfer from an occupational pension scheme to income drawdown or exercising the open market option. A pension transfer specialist is not needed for transfers or conversions involving a GAR. A pension transfer...

  • Sophisticated tools - Royal London for advisers

    ...into the year on year performance of their plan - and how the future might look for them.   Drawdown governance service For clients who are taking a regular income, you can use our drawdown governance service to create branded reports to help you track, discuss and manage the ongoing sustainability...

  • De(CIP)hering CRPs - Royal London for advisers

    ...the products you recommend match the needs and objectives of your target clients. Putting into practice Let’s use an example of sub-segmenting drawdown clients by their income needs. You may have clients requiring high, regular levels of income and/or some who require very little or ad-hoc levels...

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    Investment governance

    News

    Blog

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.