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Income Drawdown
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UK
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Drawdown
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royallondon.com
Income Drawdown - Royal London for advisers
Find all information about income drawdown for advisers from Royal London. Advisers can move their clients into drawdown using our income release service.
Jul 6, 2022
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Taking income too early from your pension could cost you tens of thousands in lost tax relief. Here’s what you need to know about the Money Purchase Annual Allowance (MPAA): • Triggered when you take taxable income from a flexible drawdown plan (not your 25% tax-free cash). • Your annual limit drops from £60,000 → £10,000. • Once triggered, it’s permanent. • A standard annuity does not usually trigger it. ⚠️ If you’re still working and paying into a pension, check before you take that first with
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