An annuity is an investment which will pay you an income for the rest of your life, no matter how long you live. This is achieved by handing over your pension fund to an insurance company in...
Pensions
Everyone needs an income in retirement and investing in a pension is just one way of achieving this.
The worst thing you can do, however, is to ignore this big issue. Take a look at Defaqto's guide to pensions – and the more specific guides below – which cover all the options open to you, both while saving for retirement, and when you come to take your pension.
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When you come to retire, you have two main options: you can either buy an annuity, or you can defer buying an annuity by taking what is called an ‘unsecured pension’ or more commonly ‘income... |
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The contribution limits and tax advantages of personal pensions are identical to those of other types of personal pension, such as stakeholder, group personal and self invested personal pensions (... |
These pensions were launched by the Government in April 2001 to encourage people who were not eligible to join a company scheme to save for retirement through a simple, low cost and flexible... |
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