At Fortress Financial, we aim to:
- Provide honest professional advice
- Deliver effective solutions by understanding client needs
- Keep up to date with development in the financial services
Post:
3 Joymount,
Carrickfergus,
Co. Antrim
BT38 7DN
Email / Telephone:
T: 028 9335 5111
M: 079 1505 4749
E: info@financialadvisorcarrickfergus.com
Annuities
This word simply refers to an exchange of a Pension fund for a monthly or Annual income. Please note:
- An annuity once it is purchased cannot be changed.
- The level of income at retirement depends on several factors including
- The value of the Pension Fund
- The Age of the Annuitant
- Health
- Sex
- And the annuity rates offered at point of retirement.
- Annuities can be set up with different benefits including
- Spouses pension
- Guaranteed payment for 5 or 10 years
- Escalation of benefits to protect against inflation
- They can be linked to Investment performance
In general terms the older you are at the time of purchase, the higher the Income. Also a male receives more than a female simply because statistics indicate a female will live longer.