One of the few things which pleased me from the Chancellor’s Autumn Statement has been the return of the Government Actuarial Rate (GAD) returning to 120% for pensioners who wish to use income drawdown or are in a state of income drawdown. With gilt rates being kept artificially low owing to quantative easing it was a poor decision in my opinion. Income Drawdown is an important option for people to consider if they want a phased retirement or are prepared to wait for an improved annuity offer.rnrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.rn