When you retire, one of your options for receiving your pension income is the drawdown option from your individual prescribed retirement product. For Bermuda registered plans, withdrawals are taken over your lifetime subject to both a minimum and maximum withdrawal rate calculated in accordance with pension legislation.

The Retirement Drawdown Tool shows the payments that you would get based on your account balance, retirement age and expected rates of return. Note that the account balance is paid to your beneficiary on death.

Steps to Follow

Complete the information and click the Results button to see how long annual withdrawals from your pension account may last over the period of your retirement. Your current balance earns investment income at the expected rate of return. You can choose to increase withdrawals each year by the rate of inflation.

Adjust any amount and your results will automatically be refreshed.