Annuity

Annuity is a tax-deferred agreement that provides an income for a particular time period, or for life.
They are of two types:

  • Deferred annuities: allow you to increase your assets tax deferred and change your account balance to income payments at a future date.
  • Immediate annuities: which generally allow you to receive income payments instantly.

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Deferred annuities- help you save money for retirement. Your money grows consequently, tax deferred. A deferred annuity has two stages- savings and investing, and retirement income. It enables you to make a single, lump-sum payment, and you make multiple contributions over time. Immediate annuities - facilitate making regular income payments for your loved ones. It also has extra benefits like income for a set period of time only. This kind of agreement is ideal for people who want an income with many agile options.

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We provide annuities even if you have experienced any of these:

  • Bad credit
  • Defaults
  • Arrears
  • Bankruptcy
  • CCJs
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
A fee between 0% and 10% of the loan may be charged on some plans depending on credit history and ability to prove income.
Example: Loan of £15,000: 120 monthly repayments of £204.66, 10.4%APR variable Loans secured on residential property.
Please be advised that loansfiesta.co.uk does not deal in mortgages or remortgages.
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