Platinum Drawdown Plan

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Platinum Drawdown Plan is an investment product that allows you to re-invest your retirement savings. The plan enables you to access your retirement savings as an income and invests the balance. The plan runs for a minimum of 10 years during which you receive income from the fund. The fund is invested in a guaranteed fund where it is protected against reduction. 

What are the  Key Benefits?

• Allows reinvesting and growing your retirement fund

The funds are invested in a guaranteed fund where they continue to grow as you access an income.

• Ability to choose your income

Every year you can choose to access any amount up to a maximum of 15% of lump sum deposited as long as your fund will run for a minimum of 10 years.

• Allows flexibility on frequency of income

You can choose not to access any income until a later date or you can vary the frequency of accessing the benefits every year to suit your income needs.

• Enables you to purchase an annuity at a later date

After expiry of 10 years you can choose to purchase an annuity which will provide you with an income for life.

• Allows you to leave an inheritance to your beneficiaries.

You can choose to leave part or your entire fund to your loved ones. 

Please click here for some of our frequently asked questions.

For more information on this product click here to download 'Platinum Drawdown brochure' or kindly contact us or visit any one of our branches.