Everything you need to know about annuities when creating a retirement income
When you retire, you will often have a range of choices available to you about how you access your pension. One such method is an annuity, which could provide you with a reliable income.
If you’re not sure how annuities work or if they could be right for you, this guide explains the essentials you need to know. It could help you feel more confident making decisions about your pension and retirement income.
Read the guide to discover:
How an annuity works
The different types of annuities available
The advantages and disadvantages of choosing an annuity
Some key questions to consider if you think an annuity is right for you.
Please note: This guide is for general information only and does not constitute advice. The information is aimed at retail clients only.
A pension is a long-term investment. The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Your pension income could also be affected by the interest rates at the time you take your benefits.
The tax implications of pension withdrawals will be based on your individual circumstances, tax legislation and regulation, which are subject to change in the future.
