How much do you need to have in a pension before you can purchase an annuity?

Asked by derrionqio

1 Answer

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Answered by Paul Richardson, IFA in Wotton under Edge, GLOUCESTERSHIRE
There are no minimums needed in a pension before you can purchase an annuity - most insurance companies will have a level set for the minimum - normally around £5,000 or £10,000

For lower amounts of pension check the Triviality Rules you may be able to use these.

| 10.14.12 @ 16:18
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$commenter.renderDisplayableName() — {comment} | 09.21.17 @ 12:19
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Answered by

Paul Richardson
Paul Richardson, IFA in Wotton under Edge, GLOUCESTERSHIRE

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