Thompson Financial Consulting Ltd
Case Study 3

Drawdown Planning

Mark saw a lady that was retiring and wanted a flexible way to take money from her pension. She did not want the set income that an annuity would pay, as she had other income in retirement. The flexibility was important as she wanted to take different levels of income and tax free cash at times that suited her. She also wanted to ensure that the pension value would pass onto her family and estate when she died.

  • To understand the level of income that could be drawn
  • Death benefits that could be passed onto her family and estate
  • Where to invest the pension money
  • Potentially the best options for the pension to invest in to make the most money
  • How much tax free cash could be potentially received
  • How to set up and take money from the Drawdown pension in the most tax efficient way
Retirement Planning, Hadleigh, Ipswich, Sudbury, Suffolk

Mark spent time with the lady talking through her needs to find a suitable solution. Mark took into account the lady’s attitude to investment risk, to select the right level of investment risk so that the lady was comfortable with the drawdown policy. Ensured the income and tax free cash withdrawals were set up at the right level. Ensured the correct tax efficiency was used where possible.

The lady got the right level of income, with the flexibility that she wanted for the future.

  • Flexible amounts of income could be withdrawn – changed when required.
  • The pension fund value could be passed onto family and her estate on death.
  • She received the correct level of tax free cash.
  • Correct investment structure within the Drawdown policy put into place, to help potentially gain greater returns.
  • Correct investment risk level taken within the Drawdown policy.
  • Future withdrawals and tax free cash could be taken if required.

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