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Preparation for F/A ref Annuity
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workingboy wrote: »OK,
Last question before my meeting next week with a IFA.
So I don't get the wrong idea about what I am looking at with these calculaters. Am I correct to think the Value of a pension shown on the summary statement from my pension provider is the value I use, to find an idea of what various companies can offer with the various options ie: No guarantee, 5year-guarantee, 10year-guarantee, individual and joint etc.
thanks
Yes (probably), less any tax free cash you want to take (up to 25%).
Just have a quick read through the paperwork and check there are no penalties.
You are looking for a figure which says 'transfer value' or 'open market option'.
Hope that helps.
The Canny SaverAlways looking for a good deal on my savings, generally risk averse, but always interested in new ideas and new ways of doing things.0
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