Escalating Annuity
Income from an escalating annuity increases by a fixed percentage each year.
As with all Increasing Annuities an escalating annuity will have much lower starting point compared to a level annuity. Also the higher the annual percentage increase the lower the starting point.
Unlike an RPI linked annuity there is no link with general prices. Generally an escalating annuity will protect you against modest price rises, however if inflation sores you could find yourself worse off.
Choose one of the options below:
