Changes to Minimum Pension Drawdown Rates
On the 29th May 2021, the government announced that the reduced annual minimum pension payment amounts will be extended for the 2021/22 financial year. To assist retirees, the government reduced the minimum annual payment amounts required for account-based pensions, annuities and allocated pensions by half for the 2019/20 and 2020/21 financial years. This was due … Read more