Question: What is situation for clients who already have crystallised pension benefits by transferring to a SIPP, and accessing their pension commencement lump sum, but not drawn down any income, and who are under the age of 55 when the new minimum age of retirement commences. Would they have to exercise income drawdown prior to April, or lose ability to take income before aged 55? If this should be the case, could they say take a minimum income for the first 12 months, then stop income after , as existing scheme rules allow commencement, and termination of income. Answers: Fiona T...
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