What's a pension annuity and how does it work?
An annuity’s one way to take your pension when you retire. It pays you a guaranteed regular income for the rest of your life. The amount you receive is determined by your annuity rate. You can also mix an annuity with pension drawdown. So, you could use part of your pension to purchase an annuity and leave the rest invested to draw down from as and when you choose. This way you combine the predictability of an annuity with the flexibility of drawdown.
Does it provide a regular pension income?
Pension Annuity
Drawdown
Will I have a guaranteed income each month?
Pension Annuity
Drawdown
Is my pension income guaranteed to last my whole life?
Pension Annuity
Drawdown
Can I change how much I get from my pension income?
Pension Annuity
Drawdown
Do I have options to pass on my pension to beneficiaries?
Pension Annuity
Drawdown
Annuity
Pension drawdown
Does it provide regular pension income?
Will I have a guaranteed income each month?
Is my pension income guaranteed to last my whole life?
Can I change how much I get from my pension income?
Do I have options to pass on my pension to beneficiaries?
Things to consider before buying an annuity:
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