Pension Choices
Follow Us:
Facebook-Pension-Choices
Twitter-Pension-Choices
RSS-Pension-Choices
ANNUITY TYPES:
CONVENTIONAL ANNUITY LIFETIME ANNUITY
ENHANCED ANNUITY IMPAIRED LIFE ANNUITY
WITH PROFITS ANNUITY UNIT LINKED ANNUITY
SHORT TERM ANNUITY POSTCODE ANNUITY
SMOKER ANNUITY

Short Term Annuity

A short term annuity is an arrangement made between you and an insurance company of your choice under which you pay over part of your fund and in return the insurance company pays you an income for a fixed period of no more than 5 years.

The maximum amount that can be paid is calculated by taking a rate from tables drawn up by the Government Actuaries Department and applying it to that part of your fund that is not invested in life annuities.

This maximum amount must be recalculated every three years. The annuity can be level or it can be arranged to increase each year at a fixed rate or in line with the Retail Price Index.

This type of annuity may be attractive to someone who wishes to defer buying a lifetime annuity.

Find out whether or not a Short Term Annuity will be suitable for you by talking to an adviser.

QUICK LINKS
Site Map
Contact Us
About Us / Privacy Policy
Cookies Information

The contents of this website are intended to be used for information/educational purposes only and relates to legislation in the UK. We are not financial advisers and are not regulated by the Financial Conduct Authority. This website contains no advice or personal recommendations. Do not rely solely on the information contained in this website to make decisions about the future of your pension funds or other investments. Although we try to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. If you need advice, you can click on the appropriate sponsor links shown or talk to a financial adviser of your own choice directly.

© Copyright 2010 - 2014 Annuity Choices Limited and the related advertisers. All rights reserved.