Income Drawdown

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Definition: Income Drawdown

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.

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May 18, 2024 https://payrollheaven.com/define/income-drawdown/.
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Income Drawdown. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/income-drawdown/ (accessed: May 18, 2024).
American Psychological Association (APA):
Income Drawdown. PayrollHeaven.com. Retrieved May 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/income-drawdown/

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 | 0 Views.