Manchester Airports Group will offer its 2,500 defined contribution scheme members flexible drawdown by the time April's pension freedoms kick in, allowing them to access their savings without having ... Section 273B of the Finance Act 2004 was introduced as part of the “pension flexibilities” changes and came into force at the end of December 2014. It gives defined contribution schemes’ trustees and ...

Understanding the Context

“Flexible drawdown is now getting recognition from those who can meet the minimum income requirement as a serious tax – and estate – planning vehicle, far removed from the ‘take the money and run’ ... Flexi-access drawdown is outselling annuities by roughly two to one but there has yet to be a corresponding increase in demand for advice. Recent research carried out by Zurich found that just 35 per ... Upload a photo, draw an equation, or use the math keyboard for complex problems.

Key Insights

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Final Thoughts