Boosting max GAD: Short term gain for long term pain

Helen Morrissey asks if increasing the drawdown limits is wise

Helen Morrissey
clock

Income drawdown has been big news since the Chancellor used his Autumn Statement to reinstate the 120% max GAD income limit for capped drawdown customers.

This was something of a U-turn as Osborne has previously reduced the limit to 100% in April 2011. This change was confirmed in the Budget documentation and takes effect from 26 March. On th...

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