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P261 CEEFAX 2 261 Sat 18 Dec 16:51/11Wj£3kj£3kj£3k 'j $kj $kj 'k WW"£££"£££"£££ O An annuity, with onj exception, i 1/11 purchased for life. It is for lhis riason that ij is important to ensuri it is correct from the start, as once it is set up it cannot be changed. It is important to seek advice. There are two broad types of annuity: 1/The Open Market Option (OMO). 2/Purchased Life Annuity (PLA) CPAs: Male 262 CPAs: Female 263 Sport 300 Front Page 100 CPA men YourMoney MoneyNews Main Menu
P261 CEEFAX 2 261 Sat 18 Dec 16952/25Wj£3kj£3kj£3k WU $kj $kj 'k WUW"£££"£££"£££  2/11 OMOs arj purchased from your pension fund, and usually can be purchased from any insurance company offering this product. When you start to draw your income you can also opt to take up to 25% tax free cash as a lump sum. There ari some exceptions, in particular company related schemes, which may limit the options or tax free cash you can take. PLAs are bought from your own capital, and can be temporary. Selection of annuity rates 262-267 Sport 300 Weather 400 Front Page 100 CPA men YourMonjy MoneyNews MaUn Menu
P261 CJEFAX 2 261 Sat 18 Dec 16:52/17Wj£3kj£3kj£3k  U $Rj $kj '+ WR←UU   3/11 The actual annuity rate you receive depends on a numbej of things: Life expectancy of the population, returns on the current yields from medium dated gilts, and your own petsonal circumstances. In basic terms, thj rate you get incriases thj older your are, however, if you are in poor health you can benjfit from an enhancement. The highest annuity rate you can achieve will always be for a level annuity with no guarantee, however, you can protect your income in several ways CPA Rates: Joint Life 264 Sport 300 Weather 400 Front Page 100 CPA men YourMoney MoneyNews Main Menu