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The Pension Drawdown Company specialises
in providing advice on all aspects of pension
drawdown and investments

 
 
10 March 2010

How Safe Is Your Pension

Defined Benefit, or Final Salary Schemes, in the UK have a collective deficit of £253 billion as at the end of March. This is reported by the government sp…

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Independent Financial Adviser Logo The Personal Finance Society

Annuities

A Pension Annuity is a way of converting your pension savings into an income for life.  The main points of a Pension Annuity are:

  • You can take a tax-free lump sum from your plan, normally 25%, and purchase the annuity with the remainder
  • Income guaranteed for life
  • When you die, payments stop, unless you have chosen a joint life annuity or a guaranteed payment period
  • They are simple to understand and give security and peace of mind
  • Annuities are based on the concept of "mortality cross subsidy” so they insure you against out living your assets

You can see from the Annuity vs Income Drawdown rate tables what tax-free cash and income you could expect if you had a pension pot of £100,000 now.

To find out more about your retirement options visit the following pages:

Annuities-What are they? 
Open Market Option
Conventional Annuities
Enhanced or Impaired Annuities
With Profit & Invesment Linked Annuities
Annuity v Drawdown Income Rates
Annuities - Advantages/Disadvantages

or if you would like to discuss your options with one of our specialists call us FREE on 0800 03 04 008.


I have found the Pension Drawdown Company, and in particular Mr Jonathan Walker, to be most helpful in compiling a meaningful portfolio across ... click here for more

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