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UK annuity sales spiked 20% to £7 billion in 2024 as savers rush to avoid future pension taxes.
In 2024, UK annuity sales surged by 20%, totaling £7 billion, driven by fears over proposed inheritance taxes on pensions starting in 2027.
Annuities, which convert pension funds into a steady income, are being used by wealthier savers to access their pensions earlier and avoid future tax increases.
The Chancellor is still working on the tax implications of this change.
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Las ventas de anualidades en el Reino Unido aumentaron un 20% a 7 mil millones de libras esterlinas en 2024, mientras los ahorradores se apresuran a evitar futuros impuestos a las pensiones.