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Annuaties
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Anyone wish to discuss them?
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You are in Canady and things will be different there ( much colder for a start )
Because life expectancy in the UK has zooped up 20 years er in the last 20 y ( it is now 80-85 ) annuities have zooped down to truly crap rates - 2 to 3 per cent on the pension pot i think. The annuity companies have resisted hints to raise the rates ( on the grounds that they will make a loss ) . and so the govt is planning to unbind the necessity to buy an annuity
but there are pit falls - Companies may offer to buy a pension pot at a terrific discount ( 20 p in the pound )
and there may be a tax hike of 55%
so we will have to wait for the Budget later on this week
Because life expectancy in the UK has zooped up 20 years er in the last 20 y ( it is now 80-85 ) annuities have zooped down to truly crap rates - 2 to 3 per cent on the pension pot i think. The annuity companies have resisted hints to raise the rates ( on the grounds that they will make a loss ) . and so the govt is planning to unbind the necessity to buy an annuity
but there are pit falls - Companies may offer to buy a pension pot at a terrific discount ( 20 p in the pound )
and there may be a tax hike of 55%
so we will have to wait for the Budget later on this week
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