Read the article in the Daily Mail's Money Mail section about an unknown rule that allows people to cash in their annuity if it is less than £10,000.

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My words of wisdom are:

Billy Burrows, a highly regarded annuities expert, says: ‘The tiny income paid to some pensioners just about covers a meal at a restaurant once a month.

‘Most people would prefer to get their entire pot back as a lump sum to spend on a holiday or something more fulfilling.