The term “Hobson’s choice” is often used to mean an illusion of choice, but it is not a choice between two equivalent options, which a Morton’s fork, nor is it a choice between two undesirable options, which is a dilemma. Hobson’s choice is one between something or nothing.
If holly had bought an annuity instead of being lifestyled, she would have received 25% tax free and income of £20k p.a.
Canada Life figures show the 65-year-old with a £100,000 pension pot could buy an annuity linked to the retail price index (RPI) that would generate a starting annual income of £3,896. That’s up from £2,195 in the New Year following a 77% spike in rates this year.
Oct 22.
I believe that’s Hobson’s choice.
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