Is an annuity for life?
One question that often arises with annuities: Is an annuity for life? The answer largely depends on the type of annuity you choose and the specific terms in your...
More content tagged annuities
How do I get the best annuity rate?
Several factors, including age, health, interest rates, and the type of annuity, must be considered when securing the best annuity, but how can you do this? We’ve provided a...
Can I leave an annuity to my family?
Yes, if you choose a joint-life annuity or include specific death benefits, your spouse or beneficiaries may receive payments after your death. We’ve provided a more detailed explanation below....
What happens to my annuity when I die?
Knowing what happens to your annuity after you pass away is important for anyone during the retirement planning process. This knowledge can help you make informed decisions about the...
How is the income from an annuity taxed in the UK?
Knowing the tax implications associated with your annuity is essential for making an informed financial decision. Below are the main aspects of annuity taxation in the UK to help...
How do you purchase an annuity?
This FAQ will walk you through the steps in buying an annuity and what to consider before committing. Let’s make sure you’re fully prepared to make the best decision...
What types of annuities are available in the UK?
Several types of annuities are available in the UK, each with unique features and benefits. This FAQ offers insights into their advantages and suitability for different individuals. Lifetime Annuities...
How does an annuity work in the UK?
Annuities play a crucial role in financial planning, especially for those approaching retirement—the process of how an annuity works depends primarily on the type you choose. Here’s a simplified...
Bank of England Holds Interest Rates at 5%: What Does This Mean for Your Finances?
The Bank of England (BoE) has maintained interest rates at 5% in its latest monetary policy review. With the decision passing by an 8-1 majority, the move signals the...
Annuity Guarantee Periods and Value Protection: Essential Insights for UK Investors
Retirement planning can impact your future finances, so navigating your options can feel daunting. Due to the increasing need for financial security in retirement, annuities have emerged as a...
