Annuity rates hit their highest since 2008, boosting retirement incomes amid changing tax rules.

Annuity rates have surged to their highest point since 2008, offering retirees a significantly higher income compared to previous years. This increase is partly due to higher government bond yields and changes in inheritance tax rules from 2027, which may reduce the tax benefits of drawdown options. Financial experts recommend consulting with advisors to decide between the security of annuities or the flexibility of drawdown.

3 months ago
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