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Annuity maturity pot
Next year (2027) I come to the end of my fixed term Annuity. I have a guaranteed maturity payout at the end of the term and would like to know what my options will be with that.
I appreciate I can just buy another annuity but can I take any cash from it? I appreciate it would be taxed. I am looking to have surgery and if I could use some of this to go private that would be amazing.
Does anyone know what my options are please?
Comments
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Good question, a link below has some outlines, I note it says it may be possible to chop it in early.
https://www.pense.co.uk/fixed-term-annuity
1 -
Next year (2027) I come to the end of my fixed term Annuity. I have a guaranteed maturity payout at the end of the term and would like to know what my options will be with that.
The same as they were when you bought the annuity.
but can I take any cash from it?
Yes.
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.1
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