Step Up / Step Down - Scheduling future changes in drawdown pensions

Scheduling Future Changes in Drawdown Pensions

The Time panel, Event tab, New Event button can also be used to add events to the timeline to schedule future increases or decreases (steps) in draw down income as well as future changes to growth rates and asset allocations.

Future changes to drawdown pension can be scheduled to occur at events on the Drawdown Pension screen’s Advanced Settings > Step Up / Step Down panel. To be used in stepping, the event must fall within the money purchase’s timespan. The event must be positioned prior to crystallisation or annuitisation of the money purchase.