After withdrawing 25k tax free from the remaining £75,000 fund you could expect a drawdown policy to provide an annual income from age 69 of around £6,100 which may last until 90 if investment performance is good.
An annuity does provide a guaranteed level of income until you die, but the annual figure would likely be lower at around £5,750 per annum at current rates.
Money Week.
The blog plan is to invest 100k or pro rata into dividend paying
Investment Trusts.
The plan after ten years is to receive a ‘pension’ of 14k per annum
with a target of 16k.
You could either take your tax free lump sum from the fund but
if u didn’t want to lose the dividend stream, u could take out 25%
tax free from your ‘pension.
You would also maintain control of your capital to pass on
to family members but remember those wee cats and dogs.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.