take annuity now or wait

david11_2

Have approx 142000 pounds after taking tax free sum.thinking of taking annuity now before funds fall any further.any advice appreciated.thanks.

whiteflag_3

david11 wrote: »

Have approx 142000 pounds after taking tax free sum.thinking of taking annuity now before funds fall any further.any advice appreciated.thanks.

no problem david, can you just fill in a few details first-

your age
marital status
residential status
dependants if any
your health and if married your wifes health
history of longevity in your family
current income
your tax status now and in the future
what other investments pensions you have
what other sources of income you will have now and in the future
outgoings both now and in the future
details of any debts
any future inheritances
if you plan to stay in the UK for the rest of your life
attitude to risk
where your current pension is investedand whether there are any penalties to take the pension "early" ,possible terminal bonuses, guaranteed annuities, protected rights etc
what tax free allowances/investments you have made use of
any future major planned purchases / holidays of a lifetime / daughters weddings /car etcetc
your attitude to paying tax/ making charitable gifts etc

armed with these facts it might be possible to give you "advice" on this forum

EdInvestor

To rephrase the question so all the extra info is not needed, "Will annuity rates fall further or rise over a timescale of , say, a year?"

whiteflag_3

EdInvestor wrote: »

To rephrase the question so all the extra info is not needed, "Will annuity rates fall further or rise over a timescale of , say, a year?"

so what your saying then is if the answer is yes, all the other factors are irrelevant.

so most likely annuity rates will fall in the next twelve months.

There you go then David, buy an annuity now. Keep it simple:rolleyes:

EdInvestor

whiteflag wrote: »

so what your saying then is if the answer is yes, all the other factors are irrelevant.

No, but the OP is not asking about other factors.

BTW which crystal ball shop do you use?

whiteflag_3

[

quote=EdInvestor;19420717]No, but the OP is not asking about other factors.

ARe you sure about that? What does "any advice appreciated.thanks" mean?

QUOTE] BTW which crystal ball shop do you use?

[/quote]

When you gather all the relevant information as detailed above and agree sensible assumptions you dont need a crystal ball. I havent seen such a shop, but then again I dont live in a fantasy world like you Ed.

How ironic, the queen of the misselling claim trying to me a smart a*** and mocking someone trying to answer a post as best as possible.

david11_2

to edinvestor and whiteflag thanks for reply. My intention is to retire august 2010 really just wanted opinions whether to take annuity now or then. Did not intend to start WW3. Sorry.