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Multiple Annuities
Options
Johnjoe
Posts: 1 Newbie
Greetings,
I have three pensions that I am ready to draw, Could i take the tax free cash from all three and also three seperate annuities, or do I have to transfer to one pot? I only ask this because of the uncertanty in the money markets at the moment. Secondly Is Canada Life protected in the UK by the FSA the same as our insurance companys?. Cheers Johnjoe.
I have three pensions that I am ready to draw, Could i take the tax free cash from all three and also three seperate annuities, or do I have to transfer to one pot? I only ask this because of the uncertanty in the money markets at the moment. Secondly Is Canada Life protected in the UK by the FSA the same as our insurance companys?. Cheers Johnjoe.
0
Comments
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You can do either option. Although the latter is the best one.Could i take the tax free cash from all three and also three seperate annuities, or do I have to transfer to one pot?Secondly Is Canada Life protected in the UK by the FSA the same as our insurance companys?.
If you mean for the purchase of a annuity, then yes.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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