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How to get a guaranteed income for life - annuities explained

Making Money

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Understanding Pension Freedom and Annuities

This chapter explores the pension freedom legislation introduced in 2014, which allows individuals more flexibility in managing their retirement savings without the obligation to buy annuities. It discusses the pros and cons of annuities, emphasizing their role in providing a stable income versus the risks of withdrawals for speculative investments. The chapter also highlights unique considerations for professional footballers regarding their pensions and financial planning due to their access to funds at younger ages.

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