Buy now or later? When is the right time to buy your Annuity?

We are often asked when the right time to buy an Annuity is. As you approach retirement, more and more questions will pop into your head: Should I wait until I actually retire? Should I buy my Annuity now? If I wait will Annuity rates have fallen further? If I buy now will Annuity rates rise in the future? Will I pay more tax if I take my Annuity whilst I’m still working? It’s enough to confuse anyone so we thought we’d look at this in more depth and compare the pros and cons of buying your Annuity now or waiting until you actually retire....