RetireEasy is pleased to report that draft legislation has today been published to increase maximum drawdown income from 100% of GAD to 120% GAD.
This will commence for income reviews falling due on or after 25 March 2013. Richard Collinson says ‘’ this will be a welcome relief to many retirees who have been hamstrung by falling gilt yields directly caused by the Government’s QE measures – this easement is well overdue’’
