The precursor to choosing an annuity is the arduous process of saving into a pension. Assuming that an individual does have a pension pot, it is possible to use the money from there to purchase an annuity. If the value of the pension pot is known then an annuity calculator offers a simple way to finding out what type of annuity can be purchased.
Choosing An Annuity: The Annuity Calculator
http://www.moneyedup.com
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