Treasury written question – answered at on 11 December 2012.
To ask the Chancellor of the Exchequer if he will (a) review the income limits on drawdown pension policies and (b) consider reinstating the link between the income cap and the Government Actuary's Department rate.
The Government announced in the autumn statement that it will increase the capped drawdown limit for pensioners of all ages with these arrangements from 100% to 120% of the value of an equivalent annuity in FB13.
The Government keeps all aspects of its policies under review.
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