With Profit Annuity
A With Profit annuity has an investment content which will affect your retirement income in payment.
You may have a minimum income guarantee, with the potential to have a higher annuity income if the underlying with profits investment performs well.
You choose an assumed future bonus rate at outset. The higher the assumed rate, the greater will be your starting income; however, if the assumed bonus rate is not met, your income will be reduced.
