06 Feb 2012 08:16:22
House prices 'up 0.6% in January'
UK house prices increased by 0.6% in January, according to the latest survey from the Halifax.
Pension Annuities
If you have a personal pension you can choose when to start taking the income from your pension between age 55 and 75.
Part of your pension can normally be taken as a tax-free lump sum and this is usually 25% of the fund value. The remainder can then be used to purchase an annuity which pays you a taxable income for the rest of your life.
Annuities are provided by insurance companies. The company that you choose promises to pay you a regular secure income in exchange for your pension fund, no matter how long you live. However, because the income is fixed it is important to choose your options carefully, as once it is set up you cannot change your mind.
Is this you?
- Retiring shortly and need to know the options I have.
- I need someone to compare the best Pension Annuities available.
- I have poor health and have heard I can get a higher Pension Annuity
Contact us now or click below for further details
The Open Market Option – It is vital that this is considered
Do I have to take an annuity? The Alternative
Income Pension Drawdown (Unsecured Pension)
I just want my Tax Free Cash?
Whether you are retiring shortly or in the next couple of years, please contact us for an initial discussion.
News
04 Feb 2012 00:01:34
Annuity sales 'unfair and opaque'
The way annuities are sold is costing half a million retirees each year as much as £1bn in future pension income, the National Association of Pension Funds says.
