The last 18 months of rocketing inflation and interest rates have transformed the way pensioners can generate income in retirement.
Martin Lewis compares pension annuity against drawdown
Yet this moment won’t last forever. At some point, interest rates will peak and start falling again. When that happens, the opportunity could pass.I’ve been repeatedly telling savers they should consider locking into a best buy fixed-rate bond which currently pay up to 4.60 percent a year .Somebody who takes out the United Trust Bank’s table-topping five-year fixed-rate bond would get 4.61 percent a year all the way through to 2028.That could […]
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