Annuity

Should you wish to have extra retirement income security during your retirement maybe you would like to purchase an annuity. GFS provide a service which enables you to purchase an Annuity and guarantee an income through your retirement days for the rest of your life.

What is an annuity?

An annuity is designed to provide you with a guaranteed income for the rest of your life, usually following retirement. It can be purchased with a one off payment using a lump sum from your pension scheme, or perhaps savings or inheritance monies.

Main benefits:

• An annuity can be a great method of acquiring assurance or guarantees for future income provisions

• They can be tailored to your needs by insuring a certain level of income growth is maintained via a degree of inflation proofing

• They can eliminate risk from your future income requirements (however they can yield a lower return than other investment solutions)