How do I avoid breaching the pensions lifetime allowance?
The value of Alan's pensions is close to the lifetime allowance limit  He should consider stopping contributions of 375 a month into his Sipp  It is a good idea to reduce risk and volatility, at least for a proportion of investments, when drawing an income  Reader Portfolio Alan 56 Description Defined benefit pension, Sipp and Isa invested in funds and shares, cash, residential property. Objectives Retirement income of 4,000 per month, pay off mortgage, avoid breaching pensions lifetime allowance. Portfolio type Managing pension drawdown  Alan is age 56 and has recently left employment with a voluntary severance package which should fund his living expenses until next April, and some home improvements. His partner is age 56 and earns 50,000 a year.