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4
Would you save for a house or buy some annuity?
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Hi
I've just been using this pension calculator.
It's seems like I can buy some annuity up to 6000
For every £1 annuity it costs about £7.20
Is that worth it? I can buy it lump sum or I can buy it in instalments which will cost more.
But what are you guys thought process
Should I work towards purchasing annuity first so I have stability for retirement?
Roughly how much does annuity cost at pension age to purchase?
I think spending 45000£ for £6500 is quiet good no?
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