BriefTea
Every story in sixty words
Explained in plain English
Locking in a guaranteed income
Buying an annuity means trading a portion of your pension savings for a fixed, regular payment that never drops, no matter how wild the stock market gets. With rates sitting at 7.75 percent, retirees can secure a significantly better deal today than they could at almost any point since the mid two thousands.
Stories that explain this
Annuity rates reach 18-year high to expand retirement pots for pensionersRelated explainers
Boosting your retirement income Global economic ripples on pensions Why UK annuity rates soar What is disposable income? What is income tax? Who pays income tax? What is 'personal income'? What is 'real' disposable income?The full catalogue
Browse every card filed under L →We would like to count visits and see which links bring readers here. That means storing a random ID in your browser. No cookies, no ads, no profile. How it works.