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Boosting max GAD: Short term gain for long term pain

Helen Morrissey asks if increasing the drawdown limits is wise

25 March 2013 •

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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