SIPP proposed move from Equities to Gilts and Corporate Bond

jamesd

markNEscotland said:

Regarding 'taking it', I refer to buying an annuity. ... No doubt annuities are in their worst ever performing period.

So why buy an annuity? There's an alternative that gets about the same inflation-protected income for about half the price, so you can get the same income and have half of your money left over.

That alternative is deferring your state pension. For each year you defer it'll be increased by 5.8% (plus the annual increases). While deferring you take a substitute income from your pension pot. This increases by CPI inflation rather than the bit higher RPI used by an annuity. You can start deferring once even if you've already claimed it.