Make a fair end to the year end

■ Drawdown income limits.

Other changes that have already taken place are notable. Changes to the drawdown income limits were introduced from 26 March. The move back to a 120 per cent drawdown limit is a welcome response to changed financial conditions. It will make a real difference to drawdown users hit by the perfect storm of low gilt yields and volatile markets.

Dave Downie is technical manager of Standard Life