Get your savings survival guide in the August issue of Moneywise
Get your savings survival guide in the August issue of Moneywise, which goes on sale in WH Smith stores today.
For just £3.95, find out how to beat Brexit savings and annuity rate cuts, get income ideas and pension tips, and find out why holiday homes are the new buy to let.
Budding travellers can discover how to have a grown-up gap year, while the self-employed are warned about why they may not be able to afford the state pension.
Moneywise columnist, Jasmine Birtles, writes about why you should “never underestimate your children’s ability to make money”, plus, you could be in with the chance of winning a luxury break in a Devon castle hotel.
We also reveal the most trusted finance companies in our Customer Service Awards 2016, while we also look at robo-investing, active vs passive funds, and explore whether contactless payments are safe.
Moneywise has spent the past 26 years helping your finances. To ensure you never miss out on a copy of our magazine, you could consider getting a subscription.
Currently, we have an offer running where you can get the first three issues for £1, and then pay £7.50 every three months – saving you over 50% on the usual annual subscription price (£47.40). See our Subscriptions page for more information.
In exchange for any lump sum – usually your pension fund – an annuity is “bought” from an insurance company and provides an income for life. When you die, the income stops. Annuity rates fluctuate daily and depend on your sex (although from 21 December 2012 insurers will no longer be able to use gender as a factor when calculating annuities), age, health and a number of other factors, so you have to pick the right one and, once bought, its terms cannot be altered, so seek financial advice.