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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

income withdrawals

      1. 39(a) (as defined in paragraph 7 of schedule169172 28 to the Finance Act 2004) in relation to a member of a pension 3998scheme, amounts (other than an annuity) which the member is entitled to be paid from the member’s:144
        1. (i) capped drawdown pension fund169172 in respect of an arrangement; or144
        1. (ii) flexi-access drawdown pension fund169172 in respect of an arrangement; or144
        98
      1. (b) payments made under interim arrangements in accordance with section 28A of the Pension Schemes Act 1993;

    in respect of an election to make income withdrawals, a reference to a retail client 68 , an investor or a policyholder includes, after that person's death, his surviving spouse, 37his surviving civil partner or anyone who is, at that time, his dependant, or both.