Listen to Mark MacSymon CFP® being interviewed on Classic FM about the changes that the National Treasury has proposed to Living Annuity regulations.
Mark, a wealth manager at PCH, was the Financial Planning Institutes Financial Planner of the year in 2017 / 2018 and is an FPI brand ambassador.
The interview centres on the National Treasury’s proposal that individuals who receive funds from a living annuity will temporarily be allowed to immediately either increase (up to a maximum of 20 per cent from 17.5 per cent) or decrease (down to a minimum of 0.5 per cent from 2.5 percent) the proportion they receive as annuity income, instead of waiting up to one year until their next contract “anniversary date”. This will assist individuals who either need cash flow immediately or who do not want to be forced to sell after their investments have underperformed.
Podcast Here
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