What is a guaranteed annuity rate?
Getting the best income from your annuity is very important, and guaranteed annuity rates are one of the best ways to secure your income.
Because the rates were set at a time when annuity rates were generally far higher than they are today (often up to twice as much), they can give pensioners an excellent income, reducing the amount of time taken before they make back the money on their investment. Products offering a guaranteed annuity rate are no longer available.
Check to see if your pension offers a guaranteed annuity rate, then compare this against the best rates available now to see if you could enjoy a better income.
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