Phased Drawdown. What is Phased Drawdown? Phased Drawdown: Allows you to set up regular payments of tax-free PCLS supplemented by regular payments of taxable income if required. Provides lots of flexibility. Allows your clients to leave money in their pension wrapper for longer. A post-retirement account holds clients' crystallised funds.
We use this money to pay clients' income, so we have to crystallise enough funds into this account to meet clients' income needs. Income drawdown isn't suitable for everyone. There are risks and benefits which your client will need to consider. Your clients will be able to nominate who they would like to receive their drawdown pension funds on their death.
We will take those nominations into account when deciding who should receive death benefits. The chosen beneficiaries will then normally be able to choose whether they would like an income or a lump sum. If they leave any money within the pension on their death, that can be passed on to their beneficiaries and so on For a client who dies aged 75 or over, the beneficiary will pay tax on any benefits taken from the funds at their marginal rate.
For a client who dies before age 75, benefits can normally be passed onto their beneficiary tax free. Our platform adoption and development team can help set up the Aviva Platform for you and turn it into an essential part of your business. We offer:.
Call — lines are open Monday to Friday, am to 5. Fund performance, factsheet and charting tool. Income drawdown calculators.
Aviva Platform Literature Library. Pension Portfolio is a self-invested personal pension, offering access to thousands of funds, equities, investment trusts exchange-traded funds, fixed income securities and commercial property. It offers both phased and single drawdown options for your client.
Find out more. ISA Portfolio, available on the Aviva Platform, is a flexible ISA and lets your clients invest tax-efficiently in a wide range of collective investments and equities from all key investment sectors. BW launches Large Schemes research BW has today launched its Large Schemes research, providing detailed insights into large pension schemes.
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