Extension of Government Pension Minimum Drawdown Relief

On 30 June 2010, the Government announced that the Pension minimum drawdown relief for income streams would be extended for the 2010/11 financial year.

This means that under the relief, members have the option of reducing the Government Minimum Income Payment Limit amount by up to 50%. We will include further details on the drawdown relief in our regular communication to you concerning income payment limits for the upcoming year, which you should receive by the 15^th July 2010.

Please note: changes to your regular income payments can be made at any time by downloading the Change of Income Payment and Frequency Form