A Guaranteed Retirement Income For Life - This is what most people are looking for in retirement, and there is a tool that can provide this for you, but over the last 15 years, low-interest rates have caused it to fall out of favour.
But with interest rates on the rise, I see Annuities forming the cornerstone of many people's retirement plans. So what are Annuities, and how can you use them?
Compare Annuity Quotes (Money Helper) : https://www.moneyhelper.org.uk/en/pensions-and-retirement/taking-your-pension/compare-annuities
Cashflow Planner: https://james-shack.co.uk/cashflow-planner
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Capital at risk. Past performance is used as a guide only. It is no guarantee of future returns. Different funds and asset classes carry varying levels of risk depending on the geographical region and industry sector. You should make yourself aware of these specific risks prior to investing. Once set up, an annuity cannot normally be changed or cancelled. Therefore, it is important to consider all of your options, especially in light of pension reforms. If you are unsure of your options you should seek professional financial advice or visit pensionwise.gov.uk. Prevailing tax rates and reliefs are dependent on your individual circumstances and are subject to change. We do not provide tax advice. Any examples used in the video are for illustrative purposes only and you may get less back than the figures shown. This video does not constitute personal advice. We do not take any responsibility for third party websites and content we may link to from this video. Issued on behalf of Nova. Nova is a trading name of Nova Wealth Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN: 778951) and is a limited company registered in England & Wales (10739796).
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00:00 The Problem
0:52 The Example
02:48 The Solution
4:09 How To Create a Guaranteed Income For Life
6:06 Why Annuities are Better
08:18 How To Use Them Effectively