Flexible Drawdown definition

Flexible Drawdown means Income Drawdown with no maximum income limit, set up at any time;
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Flexible Drawdown or “Flexi Access Drawdown” means an option for an individual to receive payments from their pension fund as they choose.
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Flexible Drawdown means Income Drawdown with no maximum income limit.
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Examples of Flexible Drawdown in a sentence

  • The diagram shows which of the main post-retirement contracts you can switch between: Note: 3 Annuity Pension Fund Scheme Pension Capped Drawdown Flexible Drawdown You can see that, whilst it is possible in theory to switch between capped drawdown and all the other types, you cannot switch out of a conventional lifetime annuity.

  • Gerber, Nels & Van Dyk (1992) defines “selection” comprises the choosing from a number of candidates a person who, in the opinion of the selector, succeeds in meeting the required standard of performance.

  • Available Online [URL]: http://scwaterlaw.sc.gov/Instream%20Flow%20Study%20ph2.pdf.

  • If the transfer has a crystallised portion, you will be asked to confirm the Drawdown Type and, if applicable the Flexible Drawdown Review Date andFlexible Drawdown Review Period.

  • The Secured Party shall not be required to marshal any present or future security for (including but not limited to this Stock Pledge Agreement and the Collateral pledged hereunder), or guaranties of, the indebtedness evidenced by the Note or any of them, or to resort to such security or guaranties in any particular order; and all of Secured Party's rights hereunder and in respect of such securities and guaranties shall be cumulative and in addition to all other rights, however, existing or arising.

  • Flexible Drawdown Lifestyle (The Default Option) The Flexible Drawdown Lifestyle works on the principle that a member electing this option will, at the point of retirement, transfer the balance of their account to a specialist income drawdown arrangement.

  • It is a legal requirement for you to let us know if you are subject to a reduced Annual Allowance because you have previously accesssed pension benefits flexibly through Flexible Drawdown (pre April 2015), or by taking an Uncyrystallised Funds Pension Lump Sum (UFPLS) or by using Flexi-access Drawdown (both post April 2015).More information about this can be found in the 7IM SIPP Key Features document.

  • The Company has no external new business, and the only new business written in 2022 were annuities, sold to existing customers on the vesting of their pension savings contracts (including contracts with Guaranteed Annuity Options (“GAOs”) and the Flexible Drawdown product.

  • The Trustee selected the Flexible Drawdown Lifestyle as the default investment option, as set out above, for those members of the Scheme who do not want to make a decision with regards their investments.

  • The issues leading to the gap are multi-faceted and include lack of hands-on opportunities, lack of career prospects in IT, lack of public recognition, weakness in IT education planning, and fewer students studying IT related courses.


More Definitions of Flexible Drawdown

Flexible Drawdown means Drawdown to which the limit in Pension rule 5 or Pension death benefit rule 4 (as appropriate) does not apply.
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Flexible Drawdown means the facility to provide income withdrawal to a member, or a person entitled through a member, who satisfies the minimum income requirement and all other relevant conditions described in Schedule 28 to the Act.
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Flexible Drawdown means Income Drawdown with no maximum income limit, set up at any time; “Government Withdrawal Charge” means a charge
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Related to Flexible Drawdown

  • Drawdown means a drawdown of a Facility.

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Term Advance has the meaning specified in Section 2.01(a).

  • Group Annuity Contract means a master contract providing annuities to a group of persons under a single con- tract.

  • Equipment Advance is defined in Section 2.1.1.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Loan Advance The meaning specified in Section 2.2(a).

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Notice of Drawdown means a notice substantially in the form set out in Schedule 4 (Notice of Drawdown).

  • Unallocated annuity contract means any annuity contract or group annuity certificate which is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed to an individual by an insurer under such contract or certificate.

  • Delayed Draw Term Lender means, at any time, any Lender that has a Delayed Draw Term Commitment or a Delayed Draw Term Loan at such time.

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.