In a pension, deposit money seems to earn less than you can get in cash ISAs, and you have the pension charges to take off, too.
Nobody knows what annuity rates are going to be, but if we get undeniable recession and interest rates drop in an attempt to stimulate demand, then annuity rates may worsen, too. So maybe, as I say, a bird in the hand etc. Especially if stockmarkets are threatening to slide as well.
But if committing to an annuity now, you have to consider that (statistically) retirement will last a long time and a bad spell of inflation could destroy your security.
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So are you arguing against holding currency, Sakers?
In a pension, deposit money seems to earn less than you can get in cash ISAs, and you have the pension charges to take off, too.
Nobody knows what annuity rates are going to be, but if we get undeniable recession and interest rates drop in an attempt to stimulate demand, then annuity rates may worsen, too. So maybe, as I say, a bird in the hand etc. Especially if stockmarkets are threatening to slide as well.
But if committing to an annuity now, you have to consider that (statistically) retirement will last a long time and a bad spell of inflation could destroy your security.
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