Purchased life annuities

A purchased life annuity gives you additional tax efficient options in providing an income for your retirement. For example, you may have a cash lump sum from an inheritance or sale of a property you wish to receive a regular income from.

A purchased life annuity may be a suitable option if no access to the capital is required in the future. Income is usually less compared to a pension annuity however the tax benefits can be more favourable. Please note tax rules may change in the future.

Purchased life annuities are complex and we recommend you speak to one of our experts, or alternatively e-mail us and we'll call you back.