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an annuity from tax-free cash??
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[Deleted User]
Posts: 12,492 Forumite
A question. Can an annuity be purchased from the 25% tax-free cash drawn when a pension is vested?
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Yes - but why?0
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You would get a "purchased life annuity" if you did this - it will have better tax treatment than an ordinary pension annuity.
If wanting more guaranteed income ( perhaps because your main fund is in drawdown?) , the new Scot Equit "5forlife" product may suit you. It has a guarantee, but you don't lose the capital.Trying to keep it simple...
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