What is a Pension Annuity?

Our Pension Annuity is a lifetime annuity that pays you an income for the rest of your life. To buy one with your pension pot, you must be aged 55 or over and have at least £5,000 left after you’ve taken any tax-free cash.

Our Pension Annuity can be tailored to suit your needs. If you have any medical conditions or lifestyle health risks, it’s important to let us know when you apply as it may increase the amount of income you can have. Please be aware, the options you pick will affect the level of income you’ll get.

It’s important to shop around and get as much guidance and advice as you can before you decide to buy. Other providers may have more appropriate products or be able to offer a higher level of retirement income

  • An income for life
  • Continue to have your payments paid to a partner or dependant after you die.
  • Can protect against inflation