It’s still one of the most used statistics in the world of annuities; 40% of retirees are still missing out on the best UK annuity rates. We therefore always suggest that for the best results, take advice when buying your annuity. You’re about to make one of life’s major and most important financial decisions, and you really can’t afford to get it wrong. In fact, any decision you make now has very serious long term consequences, as you might live well into your 80′s, good health permitting. That means your annuity income could be payable for about 20 years or so. It is such an important and crucial decision that it wouldn’t be wise to attempt to ‘go it alone’ and do everything yourself.
Choosing the right annuity can be quite a complicated process, and, by taking specialist advice, you can ensure that all your options are taken into consideration. You can’t change your mind once you’ve purchased your annuity, so it pays to be in possession of all of the appropriate facts. There is a golden rule; you don’t have to take your pension annuity from your current pension company, as you will find better deals and higher UK annuity rates elsewhere. Many people are much better off in retirement as a direct result of taking advice when buying their annuity.
