Using the Pension calculator, work out how much disposable income Malcolm will have in the first year of retirement if he retires at age 68 and uses the whole of his pension fund build up under the defined contribution scheme to buy an annuity (which, in the calculator, is an index-linked annuity). Assume that there has been no increase in Malcolms real income or pensions savings strategy over this time period.(2 marks) 1.2 Using the Pension calculator: a.Work out the sum of Malcolms disposable income and drawdown income in the first year of retirement if he retires at age 68 and uses the whole of his pension fund for drawdown, choosing to draw out a fixed income equal to 33% of hisgross pre-retirement income. b.Comment on the sustainability of Malcolms drawdown strategy