Best Pension Drawdown Provider

Doctor_Who

Julezy101 said:

Spivo46 said:

BoxerfanUK said:

I don't fancy the idea of a 'lifetime' annuity but something I and my OH have been looking into for her (and still researching) is a 'fixed term' annuity.  In her case, a rough quote based on a 462k pot for a 5 year fixed income of 12,570 pa and after 5 years a guaranteed maturity sum back of 535K to either buy another annuity or put into a SIPP for drawdown.  5.45% annual return guaranteed for 5 years and no need to worry about what the equity or bond markets do for 5 years!!  I keep thinking it seems to good to be true but........!!!!

I believe if you go through an IFA you can take out one from as low as two years.

https://www.youtube.com/watch?v=RIq6HjvgC0o

Yes, i like the idea of this if i can do a 3 year option. I will investigate further. 
Using Canada Life, if i put in £266,000 over 5 years it pays out 14,000 each month. At the end of the 5 years i will get the £266,000 back to do with as i please. That is attractive to me, removing that uncertainty while the world comes to its senses!
Thanks

I think paying out £14k a month would be attractive to anyone :-)

Yes, where do I sign up 

QrizB

Doctor_Who said:

Julezy101 said:

Spivo46 said:

BoxerfanUK said:

I don't fancy the idea of a 'lifetime' annuity but something I and my OH have been looking into for her (and still researching) is a 'fixed term' annuity.  In her case, a rough quote based on a 462k pot for a 5 year fixed income of 12,570 pa and after 5 years a guaranteed maturity sum back of 535K to either buy another annuity or put into a SIPP for drawdown.  5.45% annual return guaranteed for 5 years and no need to worry about what the equity or bond markets do for 5 years!!  I keep thinking it seems to good to be true but........!!!!

I believe if you go through an IFA you can take out one from as low as two years.

https://www.youtube.com/watch?v=RIq6HjvgC0o

Yes, i like the idea of this if i can do a 3 year option. I will investigate further. 
Using Canada Life, if i put in £266,000 over 5 years it pays out 14,000 each month. At the end of the 5 years i will get the £266,000 back to do with as i please. That is attractive to me, removing that uncertainty while the world comes to its senses!
Thanks

I think paying out £14k a month would be attractive to anyone :-)

Yes, where do I sign up 

Your tax bill will be impressive.

The Treasury will add you to their Christmas card list!

Qyburn

Per year I guess. Otherwise to get a 63% pa return, with capital preserved ... well sign me up too and I'll be happy to pay the tax.

Spivo46

Qyburn said:

Per year I guess. Otherwise to get a 63% pa return, with capital preserved ... well sign me up too and I'll be happy to pay the tax.

I do apologise, per year. But i am so pleased it tickled a few people and raised a smile or two.