The underlying investment fund into which the fund invests, the Janus Henderson Money Market Unit Trust, is closing and will be replaced by the LGIM Sterling Liquidity Plus Fund (which is managed by Legal and General Investment Management Limited).
Heather wants to defer her pension
Heather is 65 and decides to defer taking her pension, as she wants to continue working for another three years. It’s currently worth £75,000 and could provide a tax-free lump sum of £18,750 plus an annuity annual income of £2,849. But in three years’ time her pot could be worth over £81,955. This will give her a tax-free lump sum of £20,489 plus an annual annuity income of £3,296 when she retires.
- Defer taking an income
- See how your savings could grow
- Potentially larger tax-free lump sum in the future
This case study is for illustration only. It should not be taken as advice. It assumes an investment growth rate of 3% and is based on the annuity rates of the top 3 annuity providers as at 12 March 2015. Does not take into account charges and fees.