AnnuitySupermarket can find you the best purchased life annuity rates from the whole market using our unique purchased life annuity calculator. The purchased life annuity has to be purchased from your own money, it is a contract that provides an income from an investment of your own money.
Purchased life annuities are not bought from pension funds. A purchased life annuity can be very tax efficient especially for high rate tax payers.
The taxation of purchased life annuities enables the payment to be divided into two parts, a capital element and an interest element on which tax is payable. To qualify the purchase life annuity has to be accepted by HMRC.
Use our online purchased life annuity calculator which will help you find the best annuity rates from the whole of the market including Standard Life and Aviva. The calculator can also find the rates from every provider that offers purchase life annuities
When you get purchased life annuity quotes you also need to consider the charges, prices and whether the annuity rates are value for money.
Why would I buy a purchased life annuity?
A purchased life annuity is useful if you need a regular income and have some money to invest. The best purchased life annuity rates can be found using an online annuity calculator. With a purchased life annuity you might want to:
If you've a lump-sum to invest from a source such as:
Do you qualify for Enhanced or Impaired Rates on your purchase life annuity?
If you can answer Yes to the following questions you may qualify for better annuity rates.