Jubilación
Renta vitalicia adquirida
Una renta vitalicia adquirida con capital que no procede de un plan de pensiones —una herencia, la venta de un inmueble, una indemnización—, en la que parte de cada pago se considera devolución de capital.
Ladies View, Co. Kerry · Marco Ober, CC BY-SA 4.0
Para quién es
Personas con capital ajeno a las pensiones que desean convertir en renta
Qué hace
- Se adquiere con cualquier capital, no solo con fondos de pensiones
- Parte de cada pago se considera devolución de capital
- Mismo periodo garantizado y mismas opciones para beneficiarios que la renta vitalicia
- Disponible a partir de los 50 años
El producto en detalle
A purchased life annuity does the same job as a pension annuity — a guaranteed income for life — but is bought with capital that was never in a pension. An inheritance, the proceeds of a property sale, a personal injury settlement or a business disposal can all be turned into income this way.
The structural difference is how each payment is regarded. Part of every instalment is treated as a return of the capital the member has already paid in, and part as interest. Because those two components are treated differently, the net position for a given gross income is generally better than the same income from pension money. How much better depends on the member’s age at purchase and on their own tax position, which is a matter for their adviser rather than for us.
The contract is available from age 50 — five years earlier than the pension annuity — because there is no pension access age to satisfy. Everything else, from guarantee periods to dependant’s pensions to enhanced underwriting, works exactly as it does on the lifetime annuity.
Documentación
La documentación de producto se facilita a los intermediarios acreditados. Pídala a su suscriptor o solicítela mediante el formulario de consulta.
- Documento de características principalesA petición
- Solicitud de ofertaA petición
Cómo funciona
Qué ocurre, en orden
Desde la primera consulta hasta el momento en que la cobertura, el contrato o la línea queda en vigor.
The capital and its source are established
Non-pension money, with the usual source of funds evidence. Available from age 50.
The income shape is chosen
Level or escalating, guarantee period up to thirty years, and any dependant’s pension.
Health is underwritten
On the same basis as the lifetime annuity, with enhanced terms where life expectancy is shortened.
Income is paid for life, split into two parts
Each payment carries a capital element and an interest element, and the split is fixed at outset from the member’s age and the terms.
Las cifras
Un ejemplo resuelto
Cálculos ilustrativos, para que la forma del producto se vea en lugar de describirse. Nada de lo que aquí figura es una oferta ni una proyección.
A £200,000 property sale, converted to income
A member aged 68, on illustrative terms. The split shown is the mechanism this product exists for.
- Capital appliedProceeds of a property sale — not pension money
- £200,000
- Gross incomeIllustrative 6.5% at age 68
- £13,000 a year
- Treated as return of capital
- £8,400 a year
- Treated as interest
- £4,600 a year
- Paid monthly
- £1,083.33
- Guarantee period selected
- 10 years
Illustrative and not a quotation, and emphatically not tax advice. The capital and interest split is set at outset from the member’s age and the annuity terms; how each element is treated depends on the member’s own residence and circumstances, and belongs with their adviser.
What a year of income is made of
The £13,000 illustrative income above, split as the contract sets it.
Gross annual income
£13,000
- Return of capital£8,400 · 65%The member’s own money coming back
- Interest element£4,600 · 35%The return on capital still held
Ver estas cifras en una tabla
| Importe | Proporción | |
|---|---|---|
| Return of capital — The member’s own money coming back | £8,400 | 64.6% |
| Interest element — The return on capital still held | £4,600 | 35.4% |
| Gross annual income | £13,000 | 100% |
Idoneidad
Dónde encaja Renta vitalicia adquirida
Los casos que resuelve, los que no, y lo que un suscriptor necesita antes de tarificar.
Es la respuesta adecuada cuando
- Non-pension capital that the member wants converted into a guaranteed income.
- Members aged 50 to 55, who cannot yet use a pension annuity.
- Cases where a settlement or a sale must produce a dependable income for life.
Conviene mirar otra cosa cuando
- Pension money — that is the Lifetime Annuity.
- A member who may need the capital back.
Lo que necesitamos para tarificar
- 1.Date of birth, the capital available and evidence of its source.
- 2.The income shape: escalation, guarantee period, dependant’s pension.
- 3.The medical questionnaire where enhanced terms may apply.
Preguntas
Lo que los corredores nos preguntan sobre este producto
How is the capital element decided?
From the member’s age and the annuity terms at purchase, and it is fixed for the life of the contract rather than recalculated each year.
Can pension money be used?
No. Pension funds buy a pension annuity, and the two are separate contracts with different rules.
Are enhanced terms available?
Yes, on the same basis as the lifetime annuity. Medical and lifestyle factors that shorten life expectancy increase the income.
Jubilación
Otros de esta gama
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Consúltenos sobre Renta vitalicia adquirida
El formulario llega a un suscriptor en Dublín. Si es intermediario, indíquelo y lo dirigiremos a la mesa de corredores.