Retirement Income - Setting taxable income (from drawdown accounts) **Voyant Adviser, UK**

When setting the desired level of taxable income to be taken via Flexi-Access Drawdown, there are a number of options available. This short guide is intended to clarify some of the options - if, by contrast, you are intending to model benefits in the form of 'Uncrystallised Funds Pension Lump Sum' withdrawals, you may find the following guides to be more immediately applicable:

Provide a long-term income (UFPLS) - combination of taxable income and tax-free cash. Read More >>

Take 100% of benefits as a 'lump sum' (UFPLS) at Retirement. Read More >>

 

The simplest way to take taxable income from a drawdown pension is to use the planned withdrawal section, having first set the withdrawal limit on the pension to 'Scheduled Only':

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Then set up the specific amounts to be withdrawn from the drawdown pension account as a planned withdrawal  see >>>