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Pension payment reduction
JimTracy
Posts: 32 Forumite
Hi,
I have a 10 year guaranteed annuity, still in its 1st year, this past month my monthly payment from this has dropped over £50, when previously it was always the exact same, higher amount. Would this be a mistake ? Or would the payment from it go down for some other reason ? I was under the impression my payment would always be a certain amount no matter what for the 10 years.
Id like to know if this is normal before I contact the provider.
I have a 10 year guaranteed annuity, still in its 1st year, this past month my monthly payment from this has dropped over £50, when previously it was always the exact same, higher amount. Would this be a mistake ? Or would the payment from it go down for some other reason ? I was under the impression my payment would always be a certain amount no matter what for the 10 years.
Id like to know if this is normal before I contact the provider.
0
Comments
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Are you sure it's not just your tax code changing?0
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it could well be ! i dont keep on top of these things like perhaps i should.0
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