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How to Increase my Annuity

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Comments

  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Why not consider NOT buying an annuity instead of lying?

    Other suggestions would be to save harder, work longer? Defer your state pension perhaps.
  • bilbo51
    bilbo51 Posts: 519 Forumite
    I don't think he lied did he? He was just toying with the idea... :naughty:
  • tony4147
    tony4147 Posts: 347 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    atush wrote: »
    Why not consider NOT buying an annuity instead of lying?

    Other suggestions would be to save harder, work longer? Defer your state pension perhaps.

    If he doesn't take an annuity what other option has he got? is draw down the only option?
  • dunstonh
    dunstonh Posts: 119,815 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    bilbo51 wrote: »
    I don't think he lied did he? He was just toying with the idea... :naughty:

    He hasnt lied. At this moment, he is considering fraud.
    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.
  • tony4147
    tony4147 Posts: 347 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    atush wrote: »
    Why not consider NOT buying an annuity instead of lying?

    Other suggestions would be to save harder, work longer? Defer your state pension perhaps.

    If he doesn't take an annuity what other option has he got? is draw down the only option?
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    Always found the smoking debate interesting. I am down as a smoker with my gp and with work in term of life insurance. However I only smoke occasionally, probably no more than ten or fifteen packets a year. So it depends on which side of the fence you are looking at it, or more specifically the detail of the contract you enter into.
  • mania112
    mania112 Posts: 1,981 Forumite
    Part of the Furniture Combo Breaker
    bigadaj wrote: »
    Always found the smoking debate interesting. I am down as a smoker with my gp and with work in term of life insurance. However I only smoke occasionally, probably no more than ten or fifteen packets a year. So it depends on which side of the fence you are looking at it, or more specifically the detail of the contract you enter into.

    For an Annuity it's 10 a day.
  • dunstonh
    dunstonh Posts: 119,815 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    mania112 wrote: »
    For an Annuity it's 10 a day.

    And a history of doing it. Typically at least 10 years.
    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.
  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
    to answer your title - work longer

    simples

    fj
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