What is the Lifetime Income Fund?
Our Lifetime Income Fund can turn your UK pension or other investment into a retirement income to last the rest of your life.
You’ve spent your working life saving for retirement.
Your focus has been on accumulating as much as possible.
So what happens when you retire and the money starts flowing the other way?
Our Lifetime Income Fund can turn your UK pension or other investment into a retirement income to last the rest of your life. Britannia’s Lifetime Income Fund combines investment with insurance to give you a retirement income for life. No matter what happens to interest rates or financial markets, your income will continue for the rest of your life, no matter how long you live.
Planning your retirement
New Zealand Retirement Expenditure Guidelines
Research by Massey University shows that a gap exists between what people need or want in retirement and how much of that is funded by New Zealand Super.
Our Lifetime Income Fund is designed to help you bridge the gap between your fortnightly expenses and the money you get from New Zealand Super. This is shown in the diagram on the above.
When it comes to designing your retirement plan, it’s important to make sure you’ve got a regular income, as well as money set aside to pay for holidays, any emergencies, and other large expenditure items.
Our Lifetime Income Fund helps you fund your retirement needs with payments into your bank account every fortnight, for life.
If you’ve got a funding gap, talk to your financial adviser to investigate ways to bridge it.