Flexibility

Income growth and flexibility. There is the potential for income growth, but no guarantee, and your income could fall with most, though not all, providers. You cannot alter your income at your discretion (unlike income drawdown), except some providers offer the opportunity to reduce the ABR (see How you might chose one).

Death benefits and inheritability. This is no different to conventional annuities – for example, if you want a spouse benefit, you must build it in from the beginning, as this cannot subsequently be altered.

Tax efficiency. No particular benefits, whether income tax or inheritance tax.

Many thanks for sending me my valuation and monitoring guide. I think your service is top-notch....
[read more]