Annuities: Why delaying your purchase could take 40 years to make up

iStock_000024336538_ExtraSmallFollowing the pension changes announced in the Budget many people have put off buying an Annuity. Some people have delayed because they plan to take advantage of the more flexible rules to be introduced from April 2015. Whilst others will be hopeful that new products are launched, which might offer a better solution. Retiring soon? Our advisers can help you make the right decision...

Retirement: Is a One-year Fixed Term Annuity right for you?

UnlesInterrogationss the Government has a dramatic U-turn anyone over 55 will have greater access to their pension pot from April next year.   That’s fine for anyone retiring after April 2015. But there are thousands of people who want to retire before then, perhaps accessing their tax-free lump sum and deferring turning the rest of the pot into an income, until the new rules are finalised and new products launched. Retiring soon? Our ...

Retirement: Keep your options open, retire now and take advantage of new pension proposals

Ready to retire, conceptual words on blackboard.If the proposals announced in last month’s Budget are implemented without change, anyone over 55 will have far greater access to their pension pot after April next year. Each year around half a million people retire; so how can those retiring over the next 12 months, take advantage of the new rules from 2015 onwards but replace their ‘lost’ income now? Access the tax-free lump sum? One option is to take some or all of tax-free lump sum from your pension, use this to pay your bills ...

Retirement: If your Annuity adviser or broker doesn’t ask you these questions, it’s time for a change

Time to learn conceptual imageBuying an Annuity is a big decision; in fact it’s probably the largest single purchase you will ever make after buying your house. To add a little more danger or excitement, depending on your point of view, once you’ve bought a Lifetime Annuity it can never be changed. If you make a mistake, choose the wrong option, or don’t get the best Annuity rate, there’s nothing you can do ...