Get the Best Annuity Rate
Many individuals looking to retire in the UK over the next few months will have had information about their pension funds from the pension provider, including specific information for purchasing an annuity. The provider’s annuity proposed, nevertheless, may not be competitive and an OMO could add up to 30% more retirement income each yr for the remainder of the annuitant’s life.
An open market annuity means an annuitant is free to buy a compulsory purchase annuity (or pension annuities) from any insurance company in the market, and this is applicable to a with profits annuity as well as a conventional annuity. Although every one of the approximate 300,000 individuals retiring in the UK might think about an open market option, but over 2/3rds still do not shop around to find the greatest annuities. Many might receive extra income by up to 30%, valued thousands of pounds every year for the balance of their lives.
Buying the correct pension income is vital as once bought, annuities cannot be converted to another annuity company, cannot be converted to a different type of annuity and cannot be changed in any manner for the remainder of the annuitant’s years.
If you are looking to retire in the next few months , give us a call we can help you get the best pension annuity available.
