Don’t just assume an annuity is the best option 🛑 ✋
Stop, and take some advice.
There are pros and cons to turning your hard-earned pension savings into an income for life ✅ ❌
Lots of people we see think an annuity is the only option, and ‘that’s what everyone does, isn’t it?’
Here are some of the downsides of an annuity:
- Income is limited to annuity rates on offer.
- Your income is inflexible.
- An annuity can’t be inherited on your death
- Once you’ve bought an annuity, you can’t change your mind.
Please make informed decisions because these things can’t be reversed 🙌🏻