Would you qualify for Enhanced Annuity Rates?

If one of the below statements applies to you, you should be eligible for best annuity rates.

• Are you currently taking any medication?

• Do you smoke 10 cigarettes or more every day and have done so continuously for the last 10 years or more?

• Have you ever had to stay in hospital for any medical condition?

Click here for Enhanced Annuities information

Your right to the Open Market Option

As an Independent IFA I can shop around to find the best annuity rates for you.

You have the right to shop around for the best annuity rates when you retire.

Pension and Retirement Annuity

Contrary to popular belief you annuity does not start automatically when you retire. Your annuity is essentially a sum of money that you will have built up over the years. The government states that you must use this money to provide yourself with a pension that will supply income in your retirement.

Annuities Explained

In essence an annuity takes a lump sum of money such as a pension fund and provides it as a regular income for the rest of your life. An annuity is a taxable income and the amount received each month will be relative to your initial lump sum.You are allowed to take a quarter of the pension fund as a tax free amount and convert the remainder into an annuity. This needs to be done before your 75th birthday.

Which Annuity?

A conventional lifetime annuity is the most common choice from the several option available to you. Many of the best annuity rates will incorporate:

• Level annuity Your income will remain at the same level each year irrespective of inflation.

• Increasing annuity Set to match inflation for the rest of your life or rise by a set percentage each year.

• Guaranteed annuity If you were to pass away shortly after retirement your annuity would continue to pay out for a set amount of time to your nominated recipient.

• Joint-life annuity If your partner outlives you they will receive part of or all of your ongoing income.

• Investment-linked annuity If your pension fund is a large sum you may wish to invest in the stock market. This does mean however that your income may go down as well as up and carries more risk.

6136CGJ
Phone: 0845 68 68 268
Please quote 6136CGJ upon your enquiry.

E-Mail: Colin.Johnson@shifa.uk.net

STIRLING HOUSE
Administration Centre
PO Box 268
Malvern
WR14 9DD

Checklist

Some useful hints to ensure you get the best annuity rates:

1. Pick the best option for you. Make sure you shop around using the open market option.

2. Get good advice. Before making a decision make sure you talk to an independent financial adviser such as myself to make sure you get the best available option.

3. Be aware of inflation. It is possible to make your investment fixed at the same rate as inflation. This will mean that you receive a lower income during the early years.