We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Annuities
SPINNEY
Posts: 1 Newbie
If you take out an annuity on your pensions. Can you get a further cash payment from your pensions
0
Comments
-
You don't "take out" an annuity, you buy one. Once it's bought it's bought end of.The only thing that is constant is change.0
-
And if you 'take out' or buy an annuity, of course you can get cash payments, every week or every month, or however yu choose to have your pension paid to you.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
A pension is the fund you build up in your working like. The annuity is the product you buy with the fund value which provides an income for the rest of your life. You cease to have a fund as you used it to buy the annuity.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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.4K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.4K Work, Benefits & Business
- 598K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards