446735002-Pension-Fix-by-Martin-Lewis

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ContentsWhat happens to a pension at retirement? 02Types of annuities 10The two annuity types... conventional or investment-linked 11Bells and whistles 14The third way – variable annuities 19Alternatives to annuities 20Fixed-term annuities 22How to ensure you get the best rate 23How to get the right independent financial advice 24Other retirement income 28Written byMartin Lewis, Guy Anker and Harriet Meyer
Martin’s IntroTHE BIGMESSAGEYou do NOT need to buy anannuity from your pensionfund provider.The law says there’s an ‘open market option’, whichmeans you can look for the best deal around, which couldincrease your income by £1,000s every year.Take time to get it right. It’s the single biggest financialdecision most people ever make, as once completed, itlasts the rest of your life, and can’t be undone.A short starter...It’s not rocket science. If you’ve spent decades saving into a pension, youwant to get the biggest income you can from this pot of money.Turning this into retirement cash is a massive one-off financial transaction.But you needn’t worry, these days there’s a great deal of flexibility out there,so you should be able to find the right solution.So rather than me going off on why this guide’s special, why don’t we justget on with making sure you get the largest income stream you can?31
Page 1 and 2: Martin Lewis’GUIDE TOANNUITIESSPO
Page 3: Independence and integrityThis guid
Page 7 and 8: Turning your pension pot into an in
Page 9 and 10: Never simply accept your pension pr
Page 11 and 12: For every month you delay buying yo
Page 13 and 14: What if I can’t remember what pen
Page 15 and 16: Tax mattersAnnuity income is taxed
Page 17 and 18: Annuity Angst: Martin’s TipsChoos
Page 19 and 20: Escalating annuitiesIncome grows wi
Page 21 and 22: Stats show how much annual income a
Page 23 and 24: The third way - variable annuitiesA
Page 25 and 26: Capped drawdownIf you have less tha
Page 27 and 28: 3How to ensure you getthe best rate
Page 29 and 30: Pensions companies will have their
Page 31 and 32: Annuity Angst: Martin’s TipsA not
Page 33 and 34: Other benefits to take advantage of
Page 35 and 36: 31Your Notes

446735002-Pension-Fix-by-Martin-Lewis

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