Transfer out or leave in, thoughts please

jimjames

flaneurs_lobster said:

For an enhanced annuity to be paying £18k/yr for a payment of £150k there must be some serious health conditions that the OP has only alluded to.

I was thinking the same. After 10 years the provider has paid out £180k plus the £50k lump sum. Even after 5 years it's quite close to the amount you'd pay for the annuity so virtually no profit margin if it cost £150k. Something doesn't add up. 

FIREDreamer

jimjames said:

flaneurs_lobster said:

For an enhanced annuity to be paying £18k/yr for a payment of £150k there must be some serious health conditions that the OP has only alluded to.

I was thinking the same. After 10 years the provider has paid out £180k plus the £50k lump sum. Even after 5 years it's quite close to the amount you'd pay for the annuity so virtually no profit margin if it cost £150k. Something doesn't add up. 

An 80 year old would do well to get a rate like that.