The minimum income requirement (MIR) is the amount of secured pension income, that a member must have for life, to draw an income via flexible drawdown. The minimum income requirement is £20,000 per annum and will be reviewed by the Government in the 2015/2016 tax year. Income payments that count towards the minimum income requirement include the basic state pension, state second pension (S2P), lifetime annuities and scheme pension, provided it is paid to more than 20 members of the scheme. Purchased life annuities, short term annuities, other state benefits, scheme pension paid to fewer than 20 members of a scheme and any type of income drawdown do not qualify.