Income Drawdown

Business, Legal & Accounting Glossary

Definition: Income Drawdown

Quick Summary of Income Drawdown

A facility which allows a delay in buying an annuity if rates should be low when retirement age is reached. Drawdown allows putting off buying an annuity to a maximum age of 75, giving an income directly from the pension fund in the meantime.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Income Drawdown. Payroll & Accounting Heaven Ltd. September 20, 2021
Chicago Manual of Style (CMS):
Income Drawdown. Payroll & Accounting Heaven Ltd. (accessed: September 20, 2021).
American Psychological Association (APA):
Income Drawdown. Retrieved September 20, 2021, from website:

Definition Sources

Definitions for Income Drawdown are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 2 Views.