Annuities an old couple ready to look into pensions
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.
HELPING TO FIND THE BEST OPTION ... Call George Anderson today on 01933 275557.
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.