Your annuity income is calculated by considering several factors including age, lifestyle and product type. Join Barry as he sits down with L&G annuity expert, John, to understand how much an annuity costs.
Pension annuities pay a guaranteed income for the rest of your life.
Fixed term products (referred to as fixed term annuities by Money Helper) pay a guaranteed income for a fixed term, with or without a lump sum at the end.
Chapters:
Annuity payments
How much does an annuity cost?
How is an annuity calculated?
What does a good annuity income look like?
Important points to bear in mind
Annuity payments
How much does an annuity cost?
How is an annuity calculated?
What does a good annuity income look like?
Important points to bear in mind
