Pension Drawdown

To establish an Approved Drawdown Contract (ADC) you must meet either the ‘Minimum Retirement Income’ (MRI) or ‘Minimum Retirement Capital’ requirements.

MRI is a guaranteed lifetime income of an amount that is not less than the single person’s full States of Jersey old age pension, increasing by at least 3% per annum.

Yes, providing the income is payable for the remainder of your life. Please contact Rossborough Financial to establish if you meet MRI.

The level of capital needed to meet the MRC requirement is calculated based on your age and other factors. Please contact Rossborough Financial to establish if you meet the MRC requirement.

You can only include assets owned directly by you, such as cash savings, investments, and property, but excluding your only or main residence and any tangible movable property. Please contact Rossborough Financial to establish if you meet the MRC requirement.

Yes, please contact Rossborough Financial to establish if you meet the requirements to establish an ADC through a mixture of both MRI and MRC.