Current as of 17 Feb 2026. Always verify current year rates.
When should I review my drawdown strategy?
Short answer:
A sensible approach is to review at least annually, and also after major life events (health changes, moving home, bereavement) or big market moves. The aim isn’t to constantly tinker, it’s to confirm your spending rule still fits your life and your balance. Using simple guardrails can reduce the need for frequent changes while keeping you responsive when it matters.
Key takeaways
Annual reviews catch drift in spending, inflation and balance
Add ‘event triggers’ for big life or market changes
Guardrails can reduce panic changes during volatility
Review both spending and how payments are set up with your fund
Keep notes so decisions are repeatable next time
Why this matters
A review rhythm supports confidence: you know you’re paying attention, but you’re not living in spreadsheets. That frees you up to focus on living well, not just managing money.
Mini-plan (3-4 steps)
- Choose an annual review month and put it in the calendar.
- Set 2–3 triggers (big market fall, big expense, major life change).
- Check your drawdown against your essentials and discretionary spending.
- Document what you changed (if anything) and why.
Related questions
Sources (so you can verify)
Disclaimer: Information provided is general in nature and does not constitute personal financial advice. You should consider seeking advice from a licensed financial planner before making any financial decisions.
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