Yes, you can invest any lump sum between £5,000 and £500,000. For example, the money from the sale of a house, an inheritance, an unexpected windfall, or a maturing life plan. You can also invest a tax-free lump sum from a pension fund.
No, once you've bought this annuity, you can't cash it in, change your provider or alter it in anyway.
The payments will stop unless:
If you've protected your capital, and have not received payments before tax equal to the amount you originally invested, we'll return the balance if you die during the term of the plan.
Inflation can reduce the value of your pension over time.
To protect against the effects of inflation, you can choose to have your income payments increase automatically each year at a fixed rate of up to and including 8.5%.
Your starting income will be lower if you choose this option.
Your regular income, including any increases you have selected, is guaranteed until you die or until the end of any limited period you have chosen.
If you've chosen a guarantee period, your income will be paid until the end of this period, even if you die earlier. If you have a joint life annuity, an income will be paid until the first death, second death or a named person dies, depending on the option chosen.
Your starting income may be lower if you choose these options.
Standard Life has been looking after its customers for over 180 years, and currently around 7 million people worldwide rely on us for their financial needs.
Like most people, you want to know that your financial future is in good hands. Standard Life places a great deal of importance on getting your money to work hard for you; that's why we believe you can have confidence in us.
