Can I cancel my annuity and take a lump sum?
Question I have a small pension through an annuity, which I am advised is worth £28,500. Under the government scheme, I would like to take this as a trivial commutation lump sum . However, I have another small annuity which is £113 a year, which takes me over the £30,000 threshold. I am told I cannot cancel the annuity. Is there any way that I can cancel it in order to access the lump sum? From AS/Swadlincote Unfortunately, the decision to purchase an annuity is, in the vast majority of cases, irreversible so you would