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Understanding What Happens to Capped Drawdown at Age 75?

For those who began drawing their pension before the 2015 freedoms, capped drawdown remains a viable option, but the rules change significantly at age 75. Unlike the past, where a Lifetime Allowance test occurred, the focus now shifts to the annual recalculation of your maximum income limit. This guide details exactly **what happens to capped drawdown at age 75**.