10 Hrs
Source:
The Guardian
UK faces rising demand for retirement gap support
Demand for fixed-term annuities has increased as individuals seek options to bridge the gap between ending work and receiving their state pension. These products offer guaranteed income for a set period, providing financial certainty during early retirement, with some examples of potential income levels and end-of-term lump sums. Changes in inheritance tax rules and higher annuity rates have contributed to their renewed popularity, despite widespread misconceptions about the product.
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