Annuities
Certified Financial Advisors UK aims to provide you with access to the very best financial advisors who specialise in maximising your retirement income.
A pension annuity is a contract to use your pension fund to provide you the pension holder with a regular income for the rest of your life.
Annuity rates that determine the level of income you receive from your pension can vary significantly from provider to provider and depending upon your personal circumstance. The network of highly qualified advisors we have access to will enable you to find the best annuity rates, thus providing you with the highest pension annuity possible.
Many people believe that they have to buy their pension annuity from the pension company that has held their pension but this is not the case. As previously explained annuities vary and it is important to have access to the open market in order to get the best annuity rate you possibly can.
It is vitally important that you know the best annuities available to you by obtaining a no obligation quote from a highly qualified and experienced financial advisor.
Annuities take into account many different factors. Annuity rates are determined by life expectancy so it’s important to notify your financial advisor in full regarding your personal health situation. Generally speaking the healthier you are the lower your pension annuity will be because the provider will potentially have to pay you for longer, this is why it is important to gain experienced advice from our network of advisors who will get you the best annuity rate possible.
Income drawdown
An alternative to a pension annuity is income drawdown or pension drawdown as it’s commonly known. This is where you reach retirement age and decide to leave your pension fund invested rather then taking out an annuity.
You can still elect to take the 25% tax free lump sum from your pension fund, under income drawdown the remainder of your pension fund will remain invested.
One of the advantages of going into income drawdown is that it enables you to wait until annuity rates are at their most favourable for your particular circumstance.
Make sure you don’t lose out on thousands of pounds worth of income!
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