Did
you know that you could increase your pension annuity income by up to
30% just by taking your open market option and shopping around?
Making the right choice about your pension annuity purchase can be a confusing and time consuming task.
The
annuity market is evolving which means you will have more choice than
ever before and your decision about which type of annuity to take is
becoming more complex. Because of this, many people just accept their
own pension provider’s annuity which can be a costly mistake.
It’s
important to make the right decision about your pension annuity from
the outset because once your pension annuity begins you can’t alter it
if your circumstances change.
If you want greater
flexibility than a Lifetime Annuity can offer, there are alternative
options available that you may not be aware of. If your pension fund is
more than £100,000 and you want retain control of your pension fund,
income drawdown, also known as an unsecured pension, may be a better
option for you.
We will discuss your individual
circumstances and clearly explain different types of annuities
available in the market and the options you can include. We will help
you to consider:
- Are you happy with a fixed income for your lifetime?
- How much flexibility do you require?
- Do you want your income to continue to your dependants on your death?
- Are you comfortable with taking a higher risk for the potential of increasing your annuity income?
- Are you concerned about the effects of inflation on your income over time?
Once
we identify which type of pension annuity is best for you, we will
search the market place to find the best annuity rate which could be as
much as 30% more than what’s on offer from your existing pension
provider. The amount of annuity income you receive is affected by many
factors including:
- The current annuity rates
- The size of your pension fund
- The type of Pension Annuity you purchase
- Your medical history
Are you ready for your free annuity advice consultation?
So
if you want to make sure you’re making the right decision book a
Pension Annuity consultation with one of our expert advisers today and
they will guide you through all your options.
Request Your Free Annuity Advice Consultation >>
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