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Now you're talking !!! Didn't realise you could do that. Thought you were locked in for the duration of the annuity. I'll have to download some PDS's and check out the exit costs. Is this the strategy you use, or do you just let them roll full term to reduce your tax liability ? I've hit the...

Just thought it may help to reduce the overall cost. Getting a 3% return isn't too bad when you're paying, in my case, 5.29% to borrow it. It would just start to bite when rates get back to the 7's and up. With a variable return it may help to ease the pain a bit, if it was available.

Hi Rix, Just a quick question. The 3% return you were quoted, is that fixed for the life of the annuity ? If so, do you know of any that are variable ? I would think over the course of a 5 or 10 year term, the likelyhood of IR rates heading up is almost certain, so a fixed return of capital...