Income For Life

Gain security in retirement with an annuity

The average UK life expectancy is rising (on average women are expected to reach 82.9 years and men 79.2) and as a result our finances must also be able to last longer in retirement.

Our expert financial advisors can help and talk you through the option to buy an annuity – this is a guaranteed income for the rest of your life or if you prefer a fixed term.

Using the pension funds that you have built up, you can buy an annuity with some or all of the money saved, giving you peace of mind that you’ve got a reliable income for the future.

There are different types of pension annuity available, each with various factors that will affect your income :

  • Your age
  • Your health
  • Interest rates
  • The type of annuity you choose
  • Whether you take 25% of your fund as a tax free cash sum
  • Whether you provide a continuing income for a partner/dependants

Help Choosing will put you in contact with an FCA regulated financial adviser, who will discuss all the options available.

For more advice, please contact us today for a free consultation.

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Annuity Advice

Flexible Income

With this option you can normally take up to 25% (a quarter) of your pension pot or of the amount you allocate for flexible drawdown as a tax-free lump sum.

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Cash Lump sums

When you draw benefits from your pension scheme, you can normally receive some of the benefit as a tax-free cash lump sum.

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