Saving through an annuity: ‘The big advantage is that you do not pay tax on your contribution’

With an annuity you can build up a capital for later in a tax-friendly manner. But what is an annuity? How do you close it? Two pension specialists will explain it to you. “You build up a collective pension through your employer. So everyone shares in the pot. With an annuity, the pot is all yours.”

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