Get the Best Annuity Rate
Many people looking to retire in the United Kingdom over the following few months will have had information about their pension funds from the pension provider, including specific information for purchasing annuities. The insurance companies annuity proposed, all the same, may not be competitive and an open market option could bring up to 30% more retirement income each yr for the balance of the annuitant’s life.
An o.m.o means an annuitant is available to buy a compulsory purchase annuity (or pension annuities) from any insurance company in the open market, and this applies to a with-profits annuity as well as a lifetime annuity. Although every one of the approximate 300,000 individuals looking to retire in the UK might consider an OMO, but over two thirds still do not shop about to find the greatest annuities. Many could obtain additional income by up to 30%, valued thousands of pounds every year for the balance of their lives.
Purchasing the right pension annuity is extremely important as once bought, annuities cannot be swapped to a different annuity provider, cannot be altered to a different type of annuity & cannot be altered in any way for the remainder of the annuitant’s life.
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.
