With Profits Annuity

 

When considering the options available to someone approaching retirement, Nicholls Strevens will investigate all  options. One option may be a with profits annuity

The income from a with profits annuity is directly linked to the performance of a with profit fund.  The xlient decides on a level of bonus to which to linke their annuity, If the bonus is low the income may fall. The level of income can therefore fall as well as rise

This is a complex product and a client needs professional advice on the type of Provider to choose