The Budget and Annuities
How has the latest budget affected annuity rates and annuity insurance providers.
How has the budget affected annuity rates?
The most significant impact was back in 2008 following the financial market collapse.
The positive aspect is that with a steadily recovering economy, annuity rates will begin to rise and can perform admirably when economic strength is restored and developed.
You now have access to your entire pension fund but be aware that anything over 25% is taxable.
Want more information?
Retirement options should never be decided on a whim, they deserve careful consideration. We believe that all our customers should receive the same service and options that we ourselves want in our retirement. If you’re unsure about what is right for you, or you simply want further information to help you make the right decision please talk to us.