Complements your retirement income
Challenger annuities complement other retirement investments and sources of income, such as your super and the Age Pension. They provide a secure income, either for your lifetime or for a fixed term you choose, regardless of how share markets perform.
Helping you to spend confidently in retirement
Challenger annuities give you peace of mind by providing you with guaranteed income. Annuities can be used to help cover your living costs and maintain your standard of living while in retirement.
With the security of an annuity helping you to pay for your essential expenses, you have more flexibility with how you manage your other investments for other discretionary spending, like on holidays and entertainment.
Why choose an annuity?
Retirement is a life-changing event. As you adjust to your new lifestyle, you’ll need to think differently about your finances. Moving from earning an income to drawing on your retirement savings and investments can be a big shift mentally. And it can bring up financial concerns you haven’t thought too much about before, such as:
- the risk of outliving your retirement savings and becoming completely reliant on the Age Pension
- the impact of market conditions on the value of your investments during your retirement
- the risk that over time inflation will increase the cost of living. This means the income received from your investments may also need to increase in line with inflation to maintain your standard of living.
Annuities can help to address these concerns so you can relax and enjoy your retirement.