Timing - Time panel selections for drawdown pensions

The Time Panel

Time panel selections are not needed for drawdown pensions. However, the Time panel can be used, if needed, to add events for scheduling future steps in drawdown income or the future annuitisation of a drawdown pension.

The inception date of drawdown pensions active at the beginning of the plan is entered in the Year of Inception field.

Future drawdown pensions are created by the software automatically when entering an uncrystallised money purchase.