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Is it wise to buy annuity now and continue to pay into pension pot
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But buying a fixed term annuity does!
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Thanks, this is helpful information. I'll check it out further
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Your thoghts are noted - I'll check it out, thanks
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They also said they would take the tax free cash.
"OR take 25% tax free (£15,000) and buy an annuity with the remaining £45,0000, and use the annuity income and the interest from the lump sum to pay into a new pension pot."
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I don't have to take the tax free lump sum but I think if I don't I will lose the option to take it later?
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