Budget 2007 - Full round-up

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THE MINIMUM drawdown rate for alternatively secured pensions (ASPs) is set to be reduced to 55pc, it was announced yesterday.

In his 11th Budget, Chancellor Gordon Brown said that the minimum drawdown rate for an ASP is to be 55pc of the amount of an annuity for a 75 year old ¬– down from the 65pc previously advised. B...

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