Re: Big news in budget. No need for annuities !!
The annuity you get naturally depends on a lot of things - when you retire, the type of annuity etc... So for a joint life 50% with index linking retiring at 60, £100k would get you less than 3k a year. £50k would barely get that with a flat single life annuity.Re: Big news in budget. No need for annuities !!
Re: Big news in budget. No need for annuities !!
Re: Big news in budget. No need for annuities !!
Here are the figures that I have looked at. They are allegedly the best returns for a £100k pot.Re: Big news in budget. No need for annuities !!
I will be taking advantage of the new radical change to pension pots. I've already consulted my fa. I have two pensions, one which I'll pay until I retire, but the other one I plan to take advantage of whilst I'm still alive and kicking. I'll be 66 before I can afford to retire. Ten years away. I'm at a time in my life when I want to treat myself now.Re: Big news in budget. No need for annuities !!
Annuities are safe but the yield is not good. I would have to hang on for at least another 20 years to show a profit.Re: Big news in budget. No need for annuities !!
At the moment, if you have already bought an annuity you can't cash it in, until the Govt changes the rules. This new scheme is for people almost ready to take a new pension pot.Re: Big news in budget. No need for annuities !!
Dianne and I both have final salary schemes from which we already take pensions although we haven't reached retirement age yet . However, she also had a small FSAVC which she used to buy a annuity. Now she's thinking that the lump sum would have been more useful.
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