With Profits Annuity Rates & Advice
Do you need with profits annuities rate quotes? Would you like to know the options for getting the best income for your retirement?
Speak to a Principle First annuities adviser on 0800 678 5929 or make an annuties enquiry here
What are With-Profits Annuities?
A with profits annuity provides a variable income, based on the performance of an underlying fund.
This means that the income from the with profits annuity may change from year to year, and you therefore do not have the security of knowing how much will be coming in.
With profits annuities use a process known as ‘smoothing’ to lessen the fluctuations that are part and parcel of investment markets. Smoothing means that part of the income from good years is held over to offset poor performance in bad years.
With profits annuities are a less popular choice of annuity type, as they are variable and subject to fluctuations, whereas most people want to be able to depend on a predictable annual income from their pension.
With-profits annuities are asset-backed investments which include equity investments in the underlying funds. Equity investments have historically provided better long-term performance than fixed interest investments.
Find out more about with profits annuities now by calling an adviser on 0800 678 5929 or make an annuties enquiry here
General Annuity Facts
On retirement, you are entitled to take up to 25% of your pension fund as tax-free cash, and use the remainder to purchase an annuity. It is essential to understand that you do not have to purchase your annuity from your pension company. You have a so-called ‘open market option’ and are entitled, and indeed well advised, to shop around for your annuity, with the help of an independent financial adviser.
Speak to a Principle First annuities adviser on 0800 678 5929 or make an annuities enquiry here
