- income withdrawal
Members of money purchase schemes that are under age 75 may draw an annual income from their unsecured pension while leaving the remainder invested. If they have reached age 75, the members may continue the arrangement as an alternatively secured pension. Also known as income drawdown.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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income drawdown — See income withdrawal. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
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