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DRIP FEED DRAWDOWN BENEFIT OPTIONS Phoenix Wealth, PO Box 6274, Basingstoke, RG24 4DT. Available to Retirement Wealth Account and The Personal Pension customers only. When to use this form Please
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Determine the desired drip feed rate and drawdown amount.
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Drip feed drawdown refers to a method of slowly withdrawing funds from an investment account over a period of time.
Individuals or entities who wish to withdraw funds from an investment account using the drip feed drawdown method are required to file.
To fill out drip feed drawdown, individuals or entities need to specify the amount to be withdrawn and the frequency of the withdrawals.
The purpose of drip feed drawdown is to provide regular income streams while also allowing for the continued growth of the remaining investment funds.
The information that must be reported on drip feed drawdown includes the amount withdrawn, the frequency of withdrawals, and any applicable fees.
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