The world of finance can be a scary place, difficult to understand and navigate. Even if you understand how to manage your finances, it can be hard to do anything other than simply hang on. Things like lump sum versus annuity payments only serve to confuse you more. We have put together a basic guide to help you understand annuities, to get you on track to make your money work for you.
What are annuities?
Annuities are sums of cash paid out every year. It is usually the same amount of money at the same time every year. They are available in different sums, and can be paid out in numerous payment cycles. The most popular timelines are paid out over the cou