Liberty SIPP

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Liberty will be ready for Flexible Drawdown

Liberty, unlike some SIPP providers, will be ready from the 6th April 2011 to start assessing your income to determine whether you meet the minimum income requirement (MIR) to retrieve the benefits of Flexible Drawdown.

The government announced at the end of last year that a client would be able to drawdown as much of their pension as they would like as long as they left a certain amount in the pot to provide themselves with a minimum income of £20,000. They also announced that to make up the £20,000 you can use state pensions, level annuities, scheme pensions and occupational defined benefit schemes.

So if you believe that you can meet the MIR and want to exercise your right for flexible drawdown then Liberty are ready for you.

Mar 17, 2011