Pension Annuity Advice for you

Pensions are most people’s ticket to a good life after retirement. There are a lot of conflicting opinions about pension schemes; however, these are a tax-free way to save money while working for use after you stop working.

What is a Pension Annuity?

Once you’ve entered retirement, your pension doesn’t conveniently drop into your lap. You need to make arrangements for using this pot. Your choices for doing so are annuities and pension draw downs.

UK Pension Annuities are the safer option, as they don’t depend on the health of your stocks like drawdowns do.

An annuity is basically an insurance contract; in return for your pension pot (your life’s savings), an annuity provider (here an insurance company) pays you a periodic amount for the rest of your life.

You can choose to invest by yourself or use financial advisers who provide features like the annuity calculator and investment advice.

What’s The Catch?

An annuity works until you die, but that’s as far as it goes. If you (God forbid) lose your life sooner than expected, all your savings are wasted.

The government has recently done away with the rule that you absolutely had to buy an annuity before you turned 75. However, these remain a popular choice due to their low risk factor.

Why you need us?

In UK you can now have access to your pension pot any time after you turn 55. It’s vital that you choose the right scheme when doing so, as foolhardy decisions may lead you losing your entire pension pot.

At PensionExpert4U, our team of dedicated advisers have passed qualifying exams and are regulated by the Financial Conduct Authority of the UK. You can depend on us for expert advice on your pension annuity scheme.

Our pension annuity calc feature is an annuity calculator that helps you figure out the amounts you’ll need to invest, and the returns you can expect. We offer services beyond the annuity calculator as well; being Independent Financial Advisers we offer unbiased advice designed to unlock the full potential of your pension savings.