DIY pension savers get 20pc rise in income It will raise the maximum income that a 65-year-old pensioner can receive on savings of £100,000 from the current limit of £5,300 a year to £6,360 a year before tax. For a woman of the same age, the maximum income drawdown will rise from £4,900 a year to £5,880. Ros Altmann, director-general of Saga, the over-50s' specialists, agreed: "It was plainly unfair to suddenly impose a pay cut on these people and prevent them accessing their own money." Billy Mackay, a director of self-invested personal pension (Sipp) specialists AJ Bell, said: "We all understand why the Government would be keen to protect individuals from the risk of depleting their pension fund. However, having looked at the experience of our clients I am not convinced that there is any evidence that suggests there is significant risk in this area.