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Glossary > I > "Income drawdown" Definition

Income drawdown

A facility which allows a delay in buying an annuity if rates should be low when retirement age is reached. Drawdown allows putting off buying an annuity to a maximum age of 75, giving an income directly from the pension fund in the meantime.

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Income drawdown - A facility which allows a delay in buying an annuity if rates should be low when retirement age is reached. Drawdown allows putting off buying an annuity to a maximum age of 75, giving an income directly from the pension fund in the meantime.

Income drawdown : a facility which allows a delay in buying an annuity if rates should be low when retirement age is reached. drawdown allows putting off buying an annuity to a maximum age of 75, giving an income directly from the pension fund in the meantime.