"I have an annuity but I need cash now."

[KeithB]

(05-08-2024 09:39 PM)Johnh Wrote:  So after checking out some offers, I sold it for a lump sum that was about 50x the expected annual payment, and invested it in a fund to use later. I can draw on it at any time, but uk pensions are taxable so I'll wait until I stop earning elsewhere

Note that for the pension and annuity, when you die you get nothing. Well, your heirs get nothing, but you understand what I mean.

This is one advantage to a retirement investment plan.