Income Drawdown

Income Drawdown,

Definition of Income Drawdown:

  1. This option is available on some default pension plans that allow you to withdraw income directly from your retirement fund instead of using it for annual purchases. There is still an investment in your retirement fund and that is why it is risky and there will be a return on investment. The amount of income you can earn is subject to the minimum and maximum limits set by the government and for regular review. The income you receive is taxable. (Also called income deficit).

  2. Income Drawdown means: This allows certain pensioners to withdraw income and / or some money from their pension funds instead of buying annually and withdrawing income directly from their pension funds.

Literal Meanings of Income Drawdown

Income:

Meanings of Income:
  1. Money received regularly for work or investment.

Sentences of Income
  1. Have a good house and a decent income

Synonyms of Income

pay, salary, stipend, remuneration, emolument, wages, earnings

Drawdown:

Meanings of Drawdown:
  1. Decrease in size or presence of military force.

  2. Receipt of investment or resources.

Sentences of Drawdown
  1. They were the first to leave Germany as part of a reduction in the unit

  2. It looks like a small hedge fund