Annuities Explained | Retirement in the UK

An annuity is where you give away your pension pot to an annuity provider in exchange for a guaranteed income for the rest of your life.

When you’re thinking about this retirement option, you should consider how your income is going to be structured, and what you want in terms of death benefits.

Chapters:
00:00 - Introduction
00:52 - How much income could you get?
01:57 - Annuity Features & Options
02:52 - Taking Tax-Free Cash
03:14 - Keeping Up With Inflation
04:00 - Income Payment Schedule
04:16 - Death Benefits
05:10 - Joint Life Annuities
05:22 - Guarantee Period
05:37 - Value Protected Annuities
05:51 - Enhanced Annuities
06:34 - Transferring Pensions
06:57 - Lifetime Allowance Considerations
07:24 - Applying for an Annuity
08:12 - What are the Alternatives

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The content of this video is for educational purposes only, and should not be taken as personal advice. If you are approaching retirement or looking to invest but you aren't sure where to start or what your options are, please seek financial advice. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested.