Alphabites Does It Really Work Or Not?
How it Works2 mins ago
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For more on marking an answer as the "Best Answer", please visit our FAQ.If you take you tax-free cash from the pension (or even part of it), you can either purchase an annuity or put the plan into 'drawdown'. Drawdown is where you take income from the plan funds between certain fixed values- it is not an annuity but obviously the income you take from the fund will reduce it's value. An annuity has to be purchased with whatever is left of your fund by your 75th birthday
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