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A startling number of pension savers are unaware of the existence of an annuities calculator. It is a tool that can help you choose between the hundreds of annuities providers in the UK. As an annuity is an investment that will last for the rest of your life, (unless you opt for an annuity with a guarantee) you cannot afford to take chances. The annuities calculator will give you a good idea of which company to choose while an independent financial advisor will delve deeper into each company to make sure they are the right choice for you.
Analysing Terms And Conditions
Although they are rare, there are annuities providers that allow you to transfer your money to another account if you are unhappy with their service. However, expect these organisations to charge extra fees for this privilege. Even though a fixed rate annuity ensures the rate cannot change, there is always the chance that this is not the best deal. The possibility exists that interest rates could increase which would in turn raise annuity rates. Yet with the economy looking unlikely to recover any time soon, perhaps it is safe to purchase an annuity after all.
An annuities calculator is remarkably easy to use. By entering your age, cost of annuity and other selected information, you can view a list of annuity providers in the UK that offer the best value for money. For example, a 50 year old female with a 10 year guaranteed annuity worth £300,000 that has 3% escalation rates will receive an annual income of £8,837 from Legal & General.
An annuities calculator is a great way to narrow down your options before you see a financial advisor. He/she will then run through the pros and cons of each company until you are satisfied that you have found the best annuity for you. Fill in the form below for the chance to speak directly to an advisor which will allow you to search for the best annuity rates today.
