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Guaranteed income for life

Gain security in retirement with an annuity

Get in touch 0800 622 323
Send enquiry to your local branch

With UK life expectancy (the average number of years to live at any given age) generally improving, one consequence is that our finances must also last longer in retirement. One option, therefore, is to buy an annuity - a guaranteed income for the rest of your life or for a fixed term.

You can buy an annuity with some, or all, of the pension fund you’ve built up, and make sure you’ve got a reliable income for the future. There are different types of pension annuity to consider and various factors will affect your income, including:

  • Your age
  • Your health
  • Interest rates
  • The type of annuity you choose
  • Whether you take 25% of your fund as a tax free cash sum
  • Whether you provide a continuing income for a partner/dependants

Whatever type you buy, it is designed to provide you with a pension income. And, you don’t have to buy it from your current pension provider – what you get from different providers will vary, so it’s important to shop around.

For more advice on shopping around visit the Money Advice Service and Pension Wise. And, most importantly, depending on your health and lifestyle, you may be able to get a higher rate as a result.

For security and training purposes calls may be recorded and monitored.

The tax treatment of pensions depends on individual circumstance and may be subject to change.

0800 622 323
Send enquiry to your local branch
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Planning for retirement

Investing for retirement is an important part of planning for your future, we can provide you with retirement financial advice to help.

Taking your pension benefits

With more choice available, it’s important to review your retirement plans to make the right decisions for you.

Pension plans

Personal Pension Account

A simple and yet flexible pension arrangement, where contributions and tax relief provide a private pension 'pot' for your retirement.

Self-invested Pension Plan

A form of personal pension, which offers more choice with regards to where your contributions are invested.

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