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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

FCA proposes excluding some performance fees from DC default charge cap

FCA proposes excluding some performance fees from DC default charge cap

Regulator consulting on greater flexibility to boost pension investment in private assets

Alex Levy
clock 12 November 2026 • 4 min read
Partner Insight: Future-ready capabilities for pension schemes in a changing investment landscape

Partner Insight: Future-ready capabilities for pension schemes in a changing investment landscape

As pension schemes face increasingly complex investment challenges, research-powered capabilities can help deliver tailored exposures aligned with long-term objectives.

Fidelity International
clock 11 November 2026 • 6 min read
Partner Insight: Are mid-life employees becoming retirement's forgotten group?

Partner Insight: Are mid-life employees becoming retirement's forgotten group?

New research suggests many employees in their forties are slipping into a retirement planning blind spot

Royal London
clock 09 November 2026 • 4 min read
Trustpilot