There are a number of factors to take into consideration when it comes to enhanced annuities, as they depend on circumstances in your life. So for instance if you have a history of poor health, lead an unhealthy lifestyle (i.e drinking, smoking, etc.) or are of a certain age, then it can play a [...]
If you are considering applying for an annuity, but you are worried about what implications it could have on the entirety of your pension, then you will be pleased to know that an annuity will not consume your full pension.
If you are approaching retirement and are considering applying for an annuity, but you have never paid into a pension fund, then fear not as you can still apply through a purchased life annuity.
When it comes to selecting an annuity there are a number of important elements that need to be taken into consideration such is your health background and your lifestyle – both of which are major influences on what type of annuity you should consider.
Annuities are fast becoming an increasingly popular option among retirees as they provide them with the security and funds they need to see out their retirement.
For many people, when it comes to retirement age the hardest decision you will have to decide is what to do with your accumulated pension funds. The most common option is to purchase an annuity scheme which allows you to convert your savings into an annual pension, ensuring that you have a guaranteed source of [...]
Once you approach retirement age it is important to start thinking about what your financial situation may be once the day comes and one of the best options you can choose from is an enhanced annuity. Unlike a pension where you can withdraw your money directly from your pension fund, an annuity provides you with [...]
If you are considering applying for an enhanced annuity then there are a number of criteria that you need to meet in order to become eligible. An enhanced annuity is basically a series of regular income payments that are made out from a pension fund and although it draws a lot of comparisons to a [...]
Annuities are fast becoming an increasingly popular option among retirees as they provide them with the security and funds they need to see out their retirement. Unlike keeping your money invested in a pension and drawing income directly from it – and therefore being risky – an annuity provides you with a set annual income [...]
Each year many people miss out making the most of their annuity by simply not knowing about the options available – and enhanced annuities are quickly becoming one of the most under-utilised choices out there.