Income Flexibility
Retirees can adjust their annual drawdown rate within regulated limits (2.5%–17.5%), tailoring income to their financial needs.
Investment Control
Allows individuals to choose and manage their investment portfolio, providing opportunities for growth aligned with their risk tolerance.
Inheritance Opportunity
Remaining funds after the retiree’s death can be passed on to beneficiaries, ensuring a legacy for loved ones.
Tax Efficiency
Income is taxed according to personal tax rates, which may be advantageous for retirees in lower tax brackets.