How much income will I be paid?

The amount of income you’ll be offered will largely depend on the following factors:

• the size of your pension fund
• annuity rates and market conditions when you buy
• your age and postcode (if provided)
• the annuity options you choose
• the state of your health and certain lifestyle choices
  

To get a quick idea of how much income we could offer you, why not try our annuity calculator.

Assuming all other things are equal a fixed income will pay a higher starting income than an increasing income. The larger the annual increases you choose, the lower your starting level of income. Your pension income will be subject to income tax and will depend on your individual circumstances.

If you have one or more medical and/or lifestyle conditions, you could qualify for extra income through our enhanced annuities.

Why postcodes?

We believe that where you live is an effective indicator of life expectancy. If you give us your postcode we may be able to offer you extra income. We will never reduce our offer based on your postcode.

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