To get the best annuity rates follow these top 5 tips:
- Choose the best option. Shop around for the best annuity rates using the open market option and don’t just accept what your pension company offers.
- Check if you qualify for enhanced rates, if you smoke, have poor health or take some medications then you may be entitled to enhanced annuity rates
- Get good advice. It is important to talk to an independent financial adviser who specialises in annuities before you make your decision.
- If you have a fund over £100,000 then consider Income Drawdown as well as the annuity option
- Think about inflation. You can make your annuity ‘inflation-proof’ by having it icrease in line with price rises, although you’ll start off with a lower income than if you’d chosen a level rate.
Call us on freephone 0800 043 0725 to research the best annuity rates or visit our website http://www.annuitysupermarket.com
