GAD produces tables of annuity rates, on behalf of HM Revenue & Customs, which are used to calculate the maximum income which may be withdrawn from unsecured pension funds and alternatively secured pension funds (otherwise known as income drawdown or income withdrawal).
The tables can be accessed at:
http://www.hmrc.gov.uk/pensionschemes/gad-tables.htm
Policy responsibility for this area rests with HM Revenue & Customs.
All enquiries regarding the maximum income which may be withdrawn from unsecured pension funds and alternatively secured pension funds should be addressed to HM Revenue & Customs.
Their contact details are as follows:
HM Revenue & Customs
Yorke House
PO Box 62
Castle Meadow Road
Nottingham
NG2 1BG
Telephone: 0845 600 2622
Website: www.hmrc.gov.uk/pensionschemes/index
Policy responsibility for income drawdown from protected rights rests with the Department for Work and Pensions.
Past tables and instructions
For historic reference purposes the tables and instructions which applied to income drawdown and income withdrawal for "reference dates" prior to 6 April 2006 are available below:
Instructions and tables
Please note the distinction between the different tables for protected rights withdrawals depending on when the “reference date” of the calculation falls. For calculations of withdrawals from protected rights where the reference date falls between 6 April 2005 and 5 April 2006, the tables for non-protected rights must be used.
- Instructions and tables for withdrawals from non-protected rights for all “reference dates” before 6 April 2006, and for withdrawals from protected rights for “reference dates” between 6 April 2005 and 5 April 2006.
- Instructions and tables for withdrawals from protected rights for “reference dates” before 6 April 2002.
- Instructions and tables for withdrawals from protected rights for “reference dates” between 6 April 2002 and 5 April 2005.
Basis details
- Details of the assumptions used in constructing the tables for non-protected rights and for withdrawals from protected rights for “reference dates” between 6 April 2005 and 5 April 2006.
- Details of the assumptions used in constructing the tables for protected rights for “reference dates” before 6 April 2002.
- Details of the assumptions used in constructing the tables for protected rights for “reference dates” between 6 April 2002 and 5 April 2005.