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What annuity to pick?

asked by Matthew Jones posted 2 Years ago at 9:17
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.

Thanks.
1-1 of 1 Answers
Stephen Pett answered 2 Years ago at 19:16, last modified: 2 Years ago at 14:56
Use 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!
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