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An annuity is a financial product designed to provide a regular income, typically for the rest of your life or for a fixed period, in exchange for a lump-sum payment. It’s often used as a way to convert part or all of your pension pot into a stable source of income once you retire.
Popular tags: Annuities, annuites rates uk, pension planning, retirement planning, lifetime annuities, annuities uk, fixed-term annuities, independent financial adviser
Navigating the landscape of retirement planning in the UK, one encounters various investment vehicles designed to secure a stable financial future. Among these, annuities stand out for their promise of consistent income. However, the taxation of annuities remains a complex area, often leading to confusion among retirees.
Popular tags: Retirement planning, annuities, taxation of annuities, taxes on annuities, standard life annuities, purchased life annuities, annuities in the uk, annuity taxation, annuity rates in the uk, tax treatment of annuities, standard life annuity rates, standard life annuities, purchased life annuities, estate planning, independent financial advisers
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Note: This page is for information purposes only and should not be considered as financial advice. Always consult an Independent Financial Adviser for personalised financial advice tailored to your individual circumstances.