Annuity comparison site

Malthusian

Mick70 said:

it was the whole £250k being converted   (at £9.2k pa there would be no tax to pay anyway)

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.)

westv

Mick70 said:

Dazed_and_C0nfused said:

Mick70 said:

flaneurs_lobster said:

Moneywise was recommended to me

https://www.moneyhelper.org.uk/en/pensions-and-retirement/taking-your-pension/compare-annuities

tried this just for a general idea
£250k pot retiring at 57, no real health issues , gave £9.2k rising with rpi annually  (ends on death)

Is that £9.2k after taking a £62.5k TFLS or is the whole £250kcbeung converted into (taxable) annuity?

it was the whole £250k being converted   (at £9.2k pa there would be no tax to pay anyway)

Assuming there was additional no income but don't forget SP would come into it at some point.