Annuities are used to provide a Pension Income for individuals. Normally they are taken after someone takes the maximum tax-free cash available from the Plan, which is usually 25% of the Fund. The level of income received depends on several factors:
- The fund value
- The age of the individual - the older you are the higher rate you are given.
- Health - if you have health issues or you smoke you are likely to get a better Annuity as your life expectancy is lower.
- Options chosen - whether one selects Guarantees such as having a Spouse's Pension and whether the income remains fixed or escalates.
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George Anderson will find the very best deal available for you.
Very often the Annuity Rate difference can be as much as 20%. We specialise in this particular area of advice and we are happy to advise people, no matter how big or small the Pension Funds are.
Call now to find out more on Annuities on 08000 236 334, or alternatively, please click here to make an online enquiry with us today.You can also call us for FREE using the 'Click to Call' feature on this website