Annuities

What is an annuity?

An annuity is a guaranteed income for life.  At retirement typically you will draw down the maximum tax free cash available from your maturing pension fund. You may use the balance of the pension fund (or a portion thereof) to purchase an annuity.  The financial institution from whom you purchase the annuity will pay it to you for the remainder of your life.

Benefits of an annuity

• Guaranteed Income.
• No investment risk worry.
• You can opt to have the annuity rise in payment each year.
• You can include a spouse’s or dependant’s pension where applicable.

“With an annuity you don’t have to worry about adverse investment conditions. You have the certainty of knowing what your future income in retirement will be”

Is an Annuity the right choice for you?

Expert advice is needed when deciding whether you should purchase an annuity or whether you should purchase the AMRF/ARF post retirement investing option.

Why Wexford Financial Services Ltd?

Wexford Financial Services Ltd. will:

• Explain the different annuity options available to you and how they apply to your circumstances.
• Compare the market for you and advise the best annuity rates available.
• Help you choose the best annuity option with consideration given to value for money, income requirements, spouse or dependant requirements.
• Help you choose an annuity with a financially strong institution giving you peace of mind for your future security.