Want some peace of mind that you won’t run out of money when you retire?
A guaranteed income for life, also known as an annuity, could be a good choice for you. Using your pension savings to buy a guaranteed income means you get a guaranteed amount of money every year for as long as you live.
You’ll normally be able to take 25% of your pension tax-free, and the rest can be used to buy a guaranteed income for life which will be subject to income tax.The amount of income you get will depend on a number of things […]
Full Post at www.standardlife.co.uk