Choosing an annuity continued...
Annuities can be very complicated and it is important for you to understand all your choices in order to maximise your income, as once a decision is made it cannot normally be changed.

Three important things to think about:
• Make sure you get the best rate
• Determine how inflation will affect your income
• Work out how much money will be left upon your death

You may wish to take more income now and accept that inflation will reduce your future income. Alternatively, you might prefer to receive a smaller income at first and have it increase in line with inflation. Maybe you would like to save your wealth to leave to others after you are gone; in which case purchasing an annuity might not be suitable.

To arrange a meeting with one of our retirement options specialists, contact us, or complete our online enquiry form.