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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01 August 2010
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Conventional AnnuitiesThe basic Pension Annuity (a Conventional Annuity) is calculated on your own life, at a fixed rate, but you can add extra benefits to this, the most common ones being:
All of these extra benefits have a cost, which means your level of income will be reduced. If you have contracted out of the additional State Pension (SERPS or S2P), you must use that part of your pension fund to buy a Protected Rights Pension Annuity. You have the same options as with your other pension funds except that you must buy a joint-life Pension Annuity paying a 50% spouse’s pension if you are married or have a civil partner |
Thank you for your letter of the 30th and the very encouraging valuations, it gives me hope for the future! I have had excellent ... click here for more
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