We can advise on the best annuity for you
An annuity can provide a regular and secured income that you can enjoy in retirement. Before pension freedoms, buying an annuity was the most popular way of taking income from your pension in retirement unless you had a Defined Benefit Pension. There are several different types of annuities, delivered by a range of insurance companies meaning that when it comes to buying an annuity, it can be a confusing and time-consuming process. Deciding on what annuity to buy to deliver income for the rest of your life is too important to do it yourself.
Pension Annuity vs Pension Drawdown:
Benefits of an Annuity
Set, regular retirement income for a period of time (often income for life) that allows you to plan your finances.
Peace of mind that you have a guaranteed income and your money isn’t at risk.
Not affected by stock market crashes or financial insecurity.
You can protect your annuity income against inflation.
With our advice, we could potentially get you more money for your annuity purchase.
Benefits of Income Drawdown
Flexibility on how much you wish to withdraw.
Funds stay invested and could potentially grow.
The regularity of withdrawals can be set weekly, monthly, quarterly, annually.
You could pass on your remaining funds to family members if you pass away.
Speaking with our advisers, we can outline all of your options for retirement.