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Annuity comparison site
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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
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