Suitable for: This would particularly suit clients who are members of pre A-Day single-member pension schemes, such as section 32 buyout plans, and one-man Executive Pensions Plans or Small Self-Administered Schemes, and who will have reached their 55th birthday before 6th October.
Scottish Life is ideally placed to help you with these and other pension planning opportunities. We are a pension specialist company with over 70% of the external linked and freestanding drawdown market*, you can be sure of our ability to help you handle income drawdown with confidence.
For more information on our drawdown product please visit www.scottishlife.co.uk/headon or call 0845 60 40 800.
In two weeks time, we will look at planning opportunities arising after the new rules come in on 6th April 2015.
Fiona Tait is business development managet at Scottish Life
For professional advisers only
* 2014 Royal London and Association of British Insurers figures
The tax situation will depend on personal circumstances and could change in the future.
Scottish Life is a division of the Royal London Group which consists of The Royal London Mutual Insurance Society Limited and its subsidiaries.
The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions and is a member of the Association of British Insurers and the Association of Financial Mutuals. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL. Royal London Marketing Limited is authorised and regulated by the Financial Conduct Authority and introduces Royal London’s customers to other insurance companies. The firm is on the Financial Services Register, registration number 302391. Registered in England and Wales number 4414137. Registered office: 55 Gracechurch Street, London, EC3V 0RL. Royal London Corporate Pension Services Limited is authorised and regulated by the Financial Conduct Authority and provides pension services. The firm is on the Financial Services Register, registration number 460304. Registered in England and Wales number 5817049. Registered office: 55 Gracechurch Street, London, EC3V 0RL. The Royal London Group registered VAT number is 368 5244 27.
