Phillip and Sue’s Case Study- Fixed Term Annuity

31 July Reading Time: 1 minutes

Philip is 65, lives with his spouse Sue who is also 65, and has £100,000 in his pension fund to buy an annuity. He’d like to compare Option B with Option C. A Lifetime Annuity – our Option B – would be fixed for the rest of his life, based on his personal circumstances today. Let’s see what would happen if those changed … and how a Fixed Term Annuity might be better for him.*

fixed term annuity case study

*Based on a fund of £100k and taking the 25% Tax Free Cash of £25,000, with 100% value protection over a 5 year fixed term, taking tax free cash, with death benefits as noted. Source: MyPensionExpert, 21/03/2017.
** Death benefits would be dependant on provider.


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