If you’ve already bought an annuity

The rules on selling an annuity will no longer change in 2017.Once you’ve bought your annuity you only have a short period when you can still change your mind (in most cases 30 days). After that you can’t change your decision.

If you sell your annuity after this period, any money you get from the sale will be treated as an ‘unauthorised payment’. You could pay 55% or more tax on the money you get from the sale of your annuity.

Get financial advice if you need more information about selling an annuity or contact the Pensions Advisory Service.

Your pension details

Find out your pension type
Check how much is in your pot
Pension types
Understand your pension statement
The State Pension

Taking your pension money

What you can do with your pot
Leave your pot untouched
Get a guaranteed income (annuity)
Get an adjustable income
Take cash in chunks
Take your whole pot
Mix your options
Make your money last
Transfer your pension
Work out what you’ll have in retirement
Taking your pension before 55
How to avoid a pension scam
Shop around and compare providers

Tax and getting advice

Tax you pay on your pension
Seeing a financial adviser
Benefits
Debt

Illness and death

Ill health and pensions
Care costs
Your pension when you die

More…

Living abroad
Divorce and pensions
How your pension is protected
If you’ve already bought an annuity
Pension recycling
How to complain about a pension

how to sale annuity, how to sell annuity payments, how to sell annuity policy
Source: http://docphy.com/business-industry/business/youve-already-bought-annuity.html