GAD Government Actuary's Department

Pensions Policy & Regulation

Publications archive

Old documents related to pension policy and regulation can be found in our archive:


Review of contracting-out terms

The Secretary of State for Work and Pensions presents five yearly reports to parliament on the appropriate level of the National Insurance rebates for contracted-out pension schemes. The Secretary of State’s reports include reports produced by the Government Actuary. The most recent report is:


Drawdown pension tables

GAD produces tables of annuity rates, on behalf of HM Revenue & Customs, which are used to calculate the maximum drawdown pension that can be taken from a drawdown pension fund (otherwise known as income drawdown or income withdrawal). These products were formerly known as either unsecured pension funds or alternatively secured pension funds.

From 6 April 2011 new tables apply for maximum drawdown pension. These tables, and the tables that applied immediately before 6 April 2011, can be accessed at:

http://www.hmrc.gov.uk/pensionschemes/gad-tables.htm

The above page (on the HMRC website) also explains the transitional arrangements that are in place for people whose review date is close to 6 April 2011.

Policy responsibility for this area rests with HM Revenue & Customs.

All enquiries regarding the maximum drawdown pension that can be taken 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


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.

 

Basis details