Pension Drawdown Relief Extended
June 30th, 2010 | thesmsfreview
The Government has announced that they will extend through to 2010/11 the draw down relief for account-based, market linked and allocated pensions. The Treasurer has indicated that it would apply in the same way as in 2008/09 and 2009/10 – ie, the minimum payment required from these pensions during 2010/11 will be 50% of the usual amount. (As in previous years, the relief does not apply to defined benefit pensions.)
