May 11 2016
Secured income with flexible pension drawdown
A recent study showed that people would like to use their immediate savings in the form of pension while they are working itself. They do not want to wait until they are retired to access their pension fund. But is this possible? With the help of the flexible pension drawdown, you can now easily draw up to 25 percent of your pension fund and use it for different investments. This will help you to generate income as well that you can either fix or use on the go. There are many benefits of the same.
Flexible pension drawdown as a source of income
In today’s work, the value of money has increased a lot. We cannot say that the value of Rs. 100 is the same as it was some years back. The most household is now requiring more than one source of income in order to sustain well in this expensive world. But the sad truth is that it is quite difficult to generate new sources of income. So investing has become a very lucrative thing at the moment. You will see that more and more people are using investments to generate a source of income. Flexible pension drawdown too is a very good way to generate income.
Flexible pension drawdown for investments
We have already discussed that investments are a very good option to generate income. But even investments require capital. So how can you get extra capital? You can get it through the flexible pension drawdown plan. You can withdraw till around 25 percent of your pension savings in aparticular month and use that to make investments. You can use the income generated from the investments immediately or at a later on adate based on your requirements.
Flexible penion drawdown for future investments
Mr. X wants to help his son with his university fees in around 10 years. But saving from his own income is quite difficult for him due to the present expenses of his family. So can he not help his son in the future? He sure can now, with the help of flexible pension drawdown. He can now use flexible pension drawdown to draw lump sums from his pension and use it to fix an investment for the future. This will help him to attain his goal without having to sacrifice much in the present. This scheme is great for all those who wish to secure some earnings for the future generations without having to part with nay present day income.
In today’s world money is losing its worth. You can easily see that you are hardly having any proper savings at the end of the month. This means that you ill hardly get any proper investments for yourself to look back in the future. But with the help of the flexible pension drawdown plan, you can now easily use your pension money to make good investments. You will thus be able to create income for yourself from your future day pension in the present date itself.