Should you delay buying an annuity?

With annuity rates at the lowest for years, it can seem tempting to delay buying an annuity in the hope that returns will improve. However, this can have serious drawbacks and leave you in a worse situation over time.

For example, if you find an annuity that pays you £500 a month and delay the purchase before buying six months later, you will have missed out on £3000 worth of payments. If the rates haven’t improved sufficiently, you will not be able to make that money back, even over time.

Of course, this is just an example and each individual situation is different.
The most important thing is to shop around to ensure that you get the best deal for your circumstances and here at Annuity Market, we can help.

Get a free annuity quote, simply by calling, writing or using the online enquiry service. We’ll introduce you, in various ways, including through the website and by phone, to Independent Financial Advisers (IFA), making finding the right annuity for you easier than ever.