- income drawdown
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See income withdrawal.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
income drawdown
Look at other dictionaries:
income drawdown — / ɪnkʌm ˌdrɔ:daυn/ noun an arrangement by which you take smaller amounts on a regular basis out of money accumulating in the pension fund, instead of taking it all at the same time in a lump sum to pay for an annuity … Dictionary of banking and finance
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 … Law dictionary
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