income drawdown

income drawdown

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • 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

  • drawdown — The worst percentage cumulative loss (from peak to valley) for an investment in the managed futures industry is known as a drawdown. The CENTER ONLINE Futures Glossary The state in which the borrower obtains some of the project financing, usually …   Financial and business terms

  • pension drawdown — / penʃən ˌdrɔ:daυn/ noun same as income drawdown …   Dictionary of banking and finance

  • Annuity (European financial arrangements) — An annuity can be defined as a contract which provides an income stream in return for an initial payment.Immediate annuityAn immediate annuity is an annuity for which the income stream begins at a time after the initial payment which is less than …   Wikipedia

  • Personal pension scheme — A Personal Pension Scheme (PPS), sometimes called a Personal Pension Plan (PPP), is a UK tax privileged individual investment vehicle, with the primary purpose of building a capital sum to provide retirement benefits, although it may also be used …   Wikipedia

  • Ros Altmann — Dr Ros Altmann , born 1956, a former member of the Number 10 Policy Unit is the prominent UK academic and pensions expert who led the five year UK political campaign on behalf of people who lost company pensions. She has twice been the recipient… …   Wikipedia

  • Mortality drag — is a term used, in reference to lifetime annuities, to describe a negative impact that is experienced when an annuity purchase is delayed on a fund from which regular withdrawals are being taken by an individual. It is the increasing risk of… …   Wikipedia

  • Scottish Equitable — Infobox Company company name = Scottish Equitable company company type = Public foundation = 1831 location = Edinburgh, Scotland, UK key people = Otto Thoresen, CEO num employees = 27,000 industry = Insurance products = Life insurance revenue =… …   Wikipedia

  • Agriculture and Food Supplies — ▪ 2007 Introduction Bird flu reached Europe and Africa, and concerns over BSE continued to disrupt trade in beef. An international vault for seeds was under construction on an Arctic island. Stocks of important food fish species were reported… …   Universalium

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