I have a small pension pot of £35000-approx
In the current economic climate. Would a non-profit annuity (smaller pay off) be the wisest option
against a with-profit annuity, by a significant distance?
My thoughts are that any annuity that doesn't state guaranteed for life it might disappear/decrease as some financial investment the annuity relies on, might go belly up.
Would be grateful for expert opinions.
Questions And Answers
What annuity to pick?
asked by Matthew Jones posted 2 Years ago at 9:17
1-1 of 1 Answers
Stephen Pett answered 2 Years ago at 19:16, last modified: 2 Years ago at 14:56Use the Find a Professional facility to find an IFA.
Health, family history, life office strength, attitude to risk - all of these issues will affect your "best" choice.
You might want to consider unit linked annuities or you might qualify for an impaired life annuity, you might live in an area where people die young, you might smoke....
See an IFA - this stuff is way to personal to discuss in a forum in any detail!
About Q&AGet your questions answered by a unique network of professionals and fellow consumers for free. Share your knowledge and experiences by answering other consumer questions from the Total Investor community.
- General Topics
- Finance & Mortgage
- Wealth Management
- Retirement Planning & Annuities
- Offshore, International & Expat
- Estate Planning
- Group & Corporate Business
- Campaign Board
- Lifestyle & Planning
- Legal Matters
- Tax & Accounting Matters
- Property Matters
- General Insurance