GAD limits to income

The amount of income that can be paid from an Unsecured Pension fund is determined by reference to tables produced by the Government Actuary's Department (GAD). The maximum income in any one year is roughly equal to a single life annuity and there is no minimum income requirement.

Income limits from the Government Actuaries Department (GAD)

To ensure that the income limits from drawdown are in line with annuities the limits are calculated by reference to current gilt yields. GAD produces a set of special tables based on a range of interest rates.

Calculate your maximum drawdown limit

5 Yearly Reviews

There is a compulsory review every five years to ensure that the pension fund can sustain future income payments. At the review the minimum and maximum income limits are set for the next 5 years..

Income flexibility

Income can be varied each year so long as it is kept within the GAD limits.

Income withdrawals can be paid monthly, quarterly, half yearly or annually and can be in advance or arrears.