261/9 CEEFAX1 Thu 2 Feb CEEFAX.TV
ANNUITIES - EXPLANATORY NOTES 9/10
Your fund remains invested and has the
potential to grow. Under 75 you need
not take an income and the maximum is 120% of the annuity. Over 75 you must
take an income and the maximum is
limited to 90% of an annuity.
You are taking risks that your fund may
fall in value and/or that you may run
out of income if you live too long.
To choose this route you will almost
certainly need financial advice.
Source: Annuity Direct
Headlines 200 Your Money 250