Gain security in retirement with an annuity
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:
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.