A pension annuity is one of the methods by which pension benefits are drawn.

 

When retirement benefits are drawn, in addition to Tax-Free cash, a pension annuity may be purchased using the remaining pension fund.

 

There are many options and we recommend you take advice before choosing an annuity because once purchased, the annuity cannot be changed.

 

The most important question often asked is simply "how much will I get?" and we will be happy to give an approximate estimate or an exact quotation.

 

If you would like to know more , Contact Us or use the Enquiry Form.

 

The most simple form of annuity is a regular monthly income that says the same throughout the lifetime of the annuitant and ceases when he or she dies.  There are however additional options that may be added.

 

• The annuity can be linked to an investment to provide the opportunity for it to grow over time
• The annuity can increase each year and there are several options for how this can work.
• The annuity can continue after the annuitants death for the benefit of a spouse or partner
• The annuity can be guaranteed to continue for 5 or 10 years even if the annuitant dies in this time
• The annuity can be paid monthly, quarterly, half-yearly or annually
• The amount of annuity paid can sometimes be higher for smokers
• The amount of annuity paid can be higher for individuals who have certain medical conditions

We can find for you the company that will pay you the most suitable annuity and the highest annuity, rather than you having to take your annuity from the company that originally provided your pension fund.  For more information Contact Us or use the Enquiry Form.

 

There are other options that may be available instead of drawing a pension annuity and we will be happy to explain these in detail to you.  These include

 

• Income Withdrawal, also known as Drawdown.
• Phased Retirement
• Fixed Term Annuities
• Deferred annuities