(n.) A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.
Example Sentences:
(1) The ABI figures revealed that the best annuity for someone who is a heavy smoker and has severely impaired health was at Prudential, which paid out 46% more than the worst, from Friends Life.
(2) Annuities have suffered their worst year on record, with payouts to newly retiring pensioners falling by 15% so far during 2016, according to data provider Moneyfacts.
(3) Only last month the Financial Conduct Authority issued a report in which it said millions of older people were getting a poor deal from Britain's multibillion-pound annuity market, with the biggest losers those with the least money put aside for their retirement.
(4) However, to buy an annual pension income of £1,300 via a traditional annuity that also provided an income for your spouse after you die, you would need a pension pot of roughly £25,000.
(5) Annuity rates so low that a pension pot running into the seven figures is required to deliver any kind of decent pension.
(6) People who prefer to buy an annuity could opt for a "value protected annuity": in return for an extra cost, typically 5% of the income, the policyholder can arrange for any residual money left over when they die to be paid to their beneficiaries.
(7) He adds: "The problem with the chancellor's decision is very simple: all the evidence indicates very few people will opt to buy an annuity under the new rules – and the assumption of 30% taking this route deployed by the Treasury in its costings appears highly optimistic.
(8) The insurers pay an annuity (a guaranteed annual income in retirement) of £839 a year on a savings pot of £18,000, compared to £1,099 at the best payer, Reliance Mutual.
(9) On average, women take out annuities at the age of 59, marginally earlier than men at 62, but both do so significantly sooner than they have to by law.
(10) If the recession results in interest rates remaining low for years, as many in the City are now predicting, then annuity rates will also remain at paltry levels.
(11) Figures from pensions provider Hargreaves Lansdown show annuity rates have plummeted since July 2008.
(12) Table Photograph: asdf In recent years annuity providers have begun offering better payouts to those people they think will die relatively early.
(13) The group sold its US life and annuity business last year for £1.7bn , as well as many other smaller overseas operations, to strengthen its balance sheet.
(14) The Association of British Insurers is believed to be on the verge of approving a new mandatory code of conduct for pension companies that sell pension income – also known as annuities – ensuring people will get the highest possible income in return for their pension pot.
(15) "Annuities may well be broken, but the answer is not to end responsible collective risk-sharing.
(16) By forcing long-term interest rates down and inflation up, QE1 has already increased pension fund liabilities by an estimated £74bn , while driving annuity costs to record levels.
(17) The chancellor said: “For many an annuity is the right product, but for some it makes sense to access their annuity now.
(18) Do not simply accept the annuity offered by your pension provider – shop around for the highest rate possible.
(19) The thinktank also suggests removing the option of taking out 25% of your pension fund as a tax free lump; instead investors would get a 5% top up to their pension pot just before they use the money to buy an annuity.
(20) It will also end the rules requiring compulsory annuitisation (having to buy an annuity with your pension) at 75.
Retirement
Definition:
(n.) The act of retiring, or the state of being retired; withdrawal; seclusion; as, the retirement of an officer.
(n.) A place of seclusion or privacy; a place to which one withdraws or retreats; a private abode.
Example Sentences:
(1) Peter retired in 1998, when he was appointed CBE for his services to drama.
(2) He was very touched that President Nicolas Sarkozy came out to the airport to meet us, even after Madiba retired.
(3) The authors studied 84 randomly selected participants who live in retirement communities to discover factors leading to successful completion of a wellness enhancing program.
(4) The results indicate that the legislated increase in the age of eligibility for full Social Security benefits beginning in the 21st century will have relatively small effects on the ages of retirement and benefit acceptance.
(5) ... and the #housingstrategy on Twitter: Robin Macfarlane, a retired businessman: @MacfarlaneRobin House building should have been on the agenda from day one.
(6) He continued: "I don't think there could be a better move for me: to retire from one of the world's best football clubs at the end of the season and then join one of the world's best broadcasters.
(7) Emily Stow London • Until I retired a year ago I was a consultant anaesthetist with a special interest in obstetric anaesthesia and analgesia.
(8) Nearly half do not plan to retire from medical work.
(9) The statutory age of retirement for clergy is 70, although vicars’ terms can be extended by his or her bishop.
(10) The exercise comes at a sensitive time for Poland’s military, following the sacking or forced retirement of a quarter of the country’s generals since the nationalist Law and Justice government came to power in October last year.
(11) I'm just saying, in your … Instagrams, you don't have to have yourself with, walking with black people.” The male voice singles out Magic Johnson, the retired basketball star and investor: "Don't put him on an Instagram for the world to have to see so they have to call me.
(12) The Dacre review panel, which included Sir Joseph Pilling, a retired senior civil servant, and the historian Prof Sir David Cannadine, said Britain now had one of the "less liberal" regimes in Europe for access to confidential government papers and that reform was needed to restore some trust between politicians and people.
(13) Paddy Crerand was interviewed on Irish radio station Newstalk this morning and was in complete denial that Ferguson was about to retire.
(14) I am one of those retired civil servants who has not received my pension.
(15) The analysis of four surveys on elder people shows that health, income, social integration, knowledge about aging, plans for retirement, good ecological conditions, life satisfaction, and a low age seem to be general resources.
(16) The study population included 59 active workers (81 percent participation in this group) and 29 workers who were retired or inactive due to illness (69% participation).
(17) The four members of the committee are all masters of wine, and the chairman is a retired diplomat, Sir David Wright.
(18) It was sparked by Ferguson's decision to sue Magnier over the lucrative stud fees now being earned by retired racehorse Rock of Gibraltar, which the Scot used to co-own.
(19) downward occupational and downward social drift, premature retirement and achievement of the expected social development.
(20) Crocker had retired from the government in April 2009, becoming dean of the Bush school of government and public service at Texas A&M University.