Preview Mode Links will not work in preview mode

The Meaningful Money Personal Finance Podcast

Mar 29, 2017

Two weeks ago we talked about securing an income in retirement. Today I’m going to look in-depth at unsecured income, or what ordinary people call Income Drawdown.

Income Drawdown


Podcast: Subscribe in iTunes | Play in new window | Download

Sponsor Message

7IM Logo

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at

Income Drawdown

The difference between secured and unsecured drawdown is essentially about who takes the risk. With a secured income you have someone else guaranteeing to provide you with the specified income, and it is up to them to do whatever is necessary to meet their obligations.

With unsecured income drawdown, you are in control, and on your own head be it. If you run out of money, too bad. If you still have too much money left when you die, then you haven’t spent enough! The investment risk, the withdrawal rate, the asset mix, is all down to you. So this week I want to look at the mechanics of income drawdown, and then next week, I’m bringing back friend of the show Abraham Okusanya to give us a steer as to how to withdraw money and how to invest for retirement.

In this session you will learn:

  • That Income Drawdown is not just about pensions
  • Why the Pensions Freedoms of 2015 are so important
  • How income tax works in pension drawdown
  • Why death benefits should always be front of mind when planning your drawdown strategy
  • Why it is worth checking ahead of time whether your own pensions are flexible
  • Why consolidation of your pensions makes life easier
  • And why you should be very careful doing so
  • Why you should check your expression of wishes on your pensions



As always there is a transcript available for the entire show. you can get it by clicking the huge blue button below: [Coming Soon]  

Share the love

If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

iTunes Button 2015