Retirement Annuities
A
personal pension is a way of making regular savings for your
retirement. You arrange these through pension providers, eg insurance
companies and banks, who then invest your funds.
|
When
you retire you use the fund you have built up to buy
a regular pension income for the rest of your life.
This is called an annuity. In some circumstances you
can get part of the pension fund as a tax-free lump
sum.
|
|
 |
You
will receive this pension as well as any State Pension you
have built up.
If you are planning to retire overseas then click here
|
Printable
version