Brand Bitesize: Phased Annuity Purchase

Are you in the later stage of your revision for the CII AF7, AF5, J05, or R04 exam? This month, our ‘Bitesize’ video is all about phasing retirement and creating an income through phased annuity purchasing.

THIS VIDEO IS RELEVANT TO EXAMINABLE TAX YEAR 2021/22.

Phased Annuity Purchase

For someone wishing to phase their retirement, they may consider partially crystallising their pension fund over a number of years to segment their retirement income. This can be done by purchasing annuities throughout retirement, depending on the required level of income. In this Bitesize video, we look at an example of how this could work, and how to calculate how much of the fund needs to be crystallised, based on the required income and annuity rate available. This could be useful to you if you are studying for a pension-related exam, especially R04.

Grab the resources you need!

If you’re studying for your CII R04 exam, and you’re aiming for a comfortable pass, you need to get all the practice you can. Grab our free taster to try out one of Brand Financial Training’s resources for yourself.  Click the link to download the R04 calculation workbook taster now!

Alternatively, you can try the taster for AF5, AF7, or J05 if you’re studying for one of those exams.