What are annuities and how do they work?
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What are annuities and how do they work?
Annuities provide a regular income in retirement in exchange for a lump sum. This can be from your pension pot or from savings. Firstly, understand the different types of annuities. These include lifetime, fixed-term, and investment-linked annuities. Each has its own advantages and drawbacks, so it's crucial to understand these before making a ...
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