Contributions to existing Capped Drawdown Arrangements

It was reported by Money Marketing last week that some providers are blocking new contributions to existing capped drawdown plans, forcing members into a new arrangement that can only be used for Flexi Access Drawdown rather than a continuation of capped drawdown. This has been attributed to way in which the providers systems are set up.

Capped drawdown article

Did you know that SIPP~Pro and SSAS~Pro offer the flexibility to record contributions to existing capped drawdown arrangements which means that our clients are not affected by the same software limitations?


If you would like more information about our software, please call 0845 6800 142 and speak to our team.