We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Annuity comparison site
Comments
-
There would be for most of the lifetime of the annuity, after you draw your State Pension. (Unless you die early in which case you lose more to the insurer than you would have via optional tax. Especially with an inflation linked annuity.)Mick70 said:it was the whole £250k being converted (at £9.2k pa there would be no tax to pay anyway)0 -
Assuming there was additional no income but don't forget SP would come into it at some point.Mick70 said:
it was the whole £250k being converted (at £9.2k pa there would be no tax to pay anyway)Dazed_and_C0nfused said:
Is that £9.2k after taking a £62.5k TFLS or is the whole £250kcbeung converted into (taxable) annuity?Mick70 said:
tried this just for a general ideaflaneurs_lobster said:Moneywise was recommended to me
https://www.moneyhelper.org.uk/en/pensions-and-retirement/taking-your-pension/compare-annuities
£250k pot retiring at 57, no real health issues , gave £9.2k rising with rpi annually (ends on death)0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards