by hollyelaine | Apr 2, 2020 | Archive
Investment Linked and With Profit Annuities What are ‘Profit & Investment (Unit) Linked Annuities’? As well as a ‘Conventional Pension Annuity’ you can also purchase an ‘Investment Linked’ or ‘With Profits’ Pension...
by hollyelaine | Apr 2, 2020 | Archive
Enhanced and Impaired Annuities There is a possibility that you may be entitled to purchase a Pension Annuity at higher than the standard rate because of your personal health or lifestyle considerations. There are over 1,000 medical and lifestyle conditions that may...
by hollyelaine | Apr 2, 2020 | Archive
Conventional Annuities A Lifetime or ‘Conventional Annuity’ is calculated for you personally, at a fixed rate. However it is possible for you to add extra benefits to the plan. For example: Income for Spouse or Civil Partner Increase payments by inflation...
by hollyelaine | Apr 2, 2020 | Archive
Open Market Option When the time comes to consider how best to access the funds that are available in your pension, your current pension provider will usually offer you a Pension Lifetime Annuity. However, unless you are perfectly happy to, you are not obliged to...
by hollyelaine | Apr 2, 2020 | Archive
Retirement Annuity Contract – What is an annuity? Retirement Annuity Contract A retirement annuity contract is a form of retirement fund scheme alternative to capped income drawdown and flexi access drawdown pension schemes. Annuities are classed as secured pensions...
by hollyelaine | Apr 2, 2020 | Archive
Uncrystallised Funds Pension Lump Sum (UFPLS) UFPLS is another option available which allows the investor to avoid going into pension drawdown or buying an annuity. An UFPLS can be paid from uncrystallised money purchase funds as a lump sum – there will be a 25%...
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