Pension Annuity.

At a glance

Our Pension Annuity can be bought with the proceeds of your pension scheme(s) to provide you with an income for the rest of your life. You decide whether you want your pension income fixed at its starting level or if you want it to increase each year from a lower starting level.

Your starting income will be based on current market conditions, as well as our estimation of your life expectancy and the options you choose.

Is it right for me?

Your Pension Annuity options and income

Tell us how you want your pension income paid and whether you want to provide an income for your partner when you die.

The options you choose and the timing of your purchase will have a bearing on the level of pension annuity income you'll receive.

What are my options?        How much income will I be paid?

Annuity calculator

The benefits

Our Pension Annuity will pay you an income for the rest of your life. You can plan your finances for the future, safe in the knowledge that your income won’t fall. You can tailor our pension annuities to best suit your circumstances.

If you live a long life, the total pension income paid from your annuity could be more than the amount used to buy it.

How could I qualify for extra income?

The risks

Once you’ve bought your annuity, you can’t change the options you’ve chosen and the buying power of your income could fall over time owing to the effect of inflation.

The total pension income paid from your annuity could be less than the amount used to buy it.

The charges