If you’ve already bought an annuity
The rules on selling an annuity will no longer change in 2017.
Once you’ve bought your annuity you only have a short period when you can still change your mind (in most cases 30 days). After that you can’t change your decision.
If you sell your annuity after this period, any money you get from the sale will be treated as an ‘unauthorised payment’. You could pay 55% or more tax on the money you get from the sale of your annuity.