Purchased Life Annuities
Unlike Pension annuities, Purchased Life Annuities are voluntary purchases bought out of capital. The advantage of this type of contract is that part of the income paid is regarded as a return of capital and is tax-free, with the remaining income being taxed in accordance with your tax code.
Additional benefits such as guaranteed periods, spouses benefits and escalating options also apply to this type of annuity.
A five minute conversation with one of our annuity specialists could provide you with an extra £20,000* of retirement income. Contact us today on 0117 9170736.
