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Hi Graham,
Think of the money that has been paid into your pension like savings that you would pay into a bank account. Say you decide you want to buy a new car so you save up for it by paying into a bank savings account. When the time comes to buy the car, you don't have to buy it from the bank you have saved with. You have the option to shop around and get the best deal available to you.
Its just the same with a pension. Once you decide to "cash in" the pension by buying an annuity, you don't have to buy it from the company you have been "saving" with. And your entitlement to an enhancement is determined by your health at the point you decide to buy the annuity, not what what your health was while you were going through the "saving up" phase.
Think of the money that has been paid into your pension like savings that you would pay into a bank account. Say you decide you want to buy a new car so you save up for it by paying into a bank savings account. When the time comes to buy the car, you don't have to buy it from the bank you have saved with. You have the option to shop around and get the best deal available to you.
Its just the same with a pension. Once you decide to "cash in" the pension by buying an annuity, you don't have to buy it from the company you have been "saving" with. And your entitlement to an enhancement is determined by your health at the point you decide to buy the annuity, not what what your health was while you were going through the "saving up" phase.