Deciding on the right annuity, or no annuity

Annuities can be very complicated and it is important for you to understand all your choices in order to maximise your income, as once a decision is made it cannot normally be changed.

There are three main things to consider regarding an annuity:
• Obtaining the best rate
• Inflation
• Your funds after your death

Do you want a higher income now, accepting the eroding effects of inflation? Or are you prepared to take a much lower income initially, which then increases each year to combat inflation? Perhaps you would like to have an income without purchasing an annuity, thereby preserving your funds for your beneficiaries. Or you may just want to access your tax-free cash.

If you have a pension fund of over £250,000, we recommend a meeting to make sure you receive the right advice. You can discuss your needs with one of our retirement options specialists by contacting us, or simply complete our online enquiry form.