We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Buying an Annuity. Help!!
Options
peteatreat
Posts: 6 Forumite
Hi there.
My Mum-in-Law has just retired and has 3 small pension plans with a fund of approx £30k. She is looking to take the tax free element and then have a smaller monthly pension. She is not looking to guarantee this income nor to have it linked to inflation or RPI. It is a single life policy.
As neither of us are experts in this it seems a minefield out there and we do not know what to do for the best. She does not want to make a mistake and choose the wrong Annuity provider as any rash decision could be costly.
Please help. Thanks.
My Mum-in-Law has just retired and has 3 small pension plans with a fund of approx £30k. She is looking to take the tax free element and then have a smaller monthly pension. She is not looking to guarantee this income nor to have it linked to inflation or RPI. It is a single life policy.
As neither of us are experts in this it seems a minefield out there and we do not know what to do for the best. She does not want to make a mistake and choose the wrong Annuity provider as any rash decision could be costly.
Please help. Thanks.
0
Comments
-
You see an IFA who will search the open market options.0
-
To get a general idea of how much she could get, you can check out the pension annuity tables here.You may need to amalgamate the funds to get the best deal.
https://www.fsa.gov.uk/tablesTrying to keep it simple...
0 -
Thank you both very much for your advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards