P203 CJEFAX 203 Sun015 Oct 12:26/32 R 1/5 UNITJSED ANNjITJ S Fob nnBo-linkj n s hr R l) f uuib r llymi & dingstly io rolati n t Fhx 6 lbs f rho gnd 9 n 4 Un t v luea irk j ie tdd to growaig long term, so the initial amount of a unjtised annuity will normally bj lower In jhjt ncj Tbx Exemptions p 26 annuity.h 8 o 6 S&me inveotors may pr f a high level of pensimn initially so perhaps atothju tlp xf anndiin whj d xui3. b zi u; £25 , 8 ta l shed bot gwd s You can, howevj , boost eavly unitisjd annuity pa9ment2 by antichpatink future grow i t pu t Mortgage and Savings G ide 26 Update Arrivals Stocks UT PanelP203 CJJFAX 203 Sun 15 Oct 12:46/07 2/* 12 Yo4 ca& boost early unitisjd annuit8 payments by anticipating future grewth in the unit values. R this course of action. Increases in your pension wound, after such a move, bj1less likely in the future. ) 2 h 2b h 2 inith l ldvel if the rate of growth i& unit vblujs you chose is not achii6jd in practice. 2 2 @ p 2 a b 2 p S vings 260 Stocks P nhl 206 Mortgages 260 Unit Vrust Panel 207 Update ArrPval3 Stocks UT PpnjlP203 CEEFAX 203 Sun 15 Oct 12:27/44 4/5 UNQTJSED ANNUITIES R 4 pp You cannOt b5y a unitised an.uity with any pbtt of your pension fund related to contracted out benjfi . $here are special r4les governing the use@of funds resulxing from contracthnk out of the State Earnings Related Pension Scheme (SERPS). There areQcertahn conditions attachdd tm the Guaranteed Minimum Pension ou ej provided from the "contracted out$ secti n of y ur pensi n. ) p bp But on a brighter note, thu growth on is free of income and ca8ital gains ta| ^^^^^P203 CEEFAX 203 Sun 151Oct 12:26/07 L 5/5 UNITISED ANNUITIES There are currently four life companies offering some form of unitised annuity. Life, M&G and Prudential. Their terms and conditio s ar Annuiti s xpju W lliam Bu rows says: "Guaranteed annuities offer no protection against inflation unle s t y calat , u t j is an exp ns v option. Equitie are the best hedge inst nfl tion nd un ti d annuity should provide some long term with which you can afford to take an investment risk." Update Arse alt Stoc s U P mel