The GAD (Government Actuary’s Department) rate is part of a formula that calculates the maximum amount a member of a capped drawdown scheme can withdraw from their scheme each year. The maximum amount is recalculated every 3 years up to age 75 and annually thereafter.
Sign up to our regular newsletter, for first-rate analysis and opinion on all matters affecting financial advisers. You can unsubscribe at any time.
You can also connect with us on social media by clicking on the icons below. We are on LinkedIn and Twitter.