Do I have to buy an annuity?

No, there are many different ways you can take your pension pot. More details about your pension options are provided in the retirement options pack sent to you by ReAssure. You don’t have to choose just one option – you can decide to take the benefits from your pension pots at different times or transfer them to another provider to access different options. It's important to shop around and get as much guidance and advice as you need to help you make a decision about what's best for you. Other providers may also have more appropriate products or be able to offer a higher level of retirement income.

How will I know what to do?

You should read the retirement options pack that ReAssure has sent you, as this includes your current value and outlines the options available to you. It's important to shop around and contact other annuity providers to get comparative quotes, to see what they may be able to offer you as well. We also recommend that you take advantage of the free and impartial guidance service set up by the Government, called Pension Wise a service from MoneyHelper . If you are then still unsure what to do, you should speak to a financial adviser. To find one in your local area visit unbiased.co.uk

Where can I find pension guidance and advice?

Free impartial guidance The Government offers free and impartial guidance through a selection of organisations. Pension Wise a service provided by MoneyHelper Offers a guidance session if you’re over 50 and in a defined contribution workplace or personal pension. You can chat to experts online, call or see someone face to face. MoneyHelper Provide online advice and guides plus tools, support over the phone and calculators on a wide range of subjects. They also provide information on workplace and personal pensions for everyone. Financial advice from an adviser A financial adviser can provide you with a personal recommendation to help you make the right retirement choice, for a fee. If you don’t have a suitable adviser already, you can find one in your area at unbiased.co.uk You should make sure that they're authorised by the Financial Conduct Authority (FCA) and you can check this on the FCA register The Silver Line If you’re feeling overwhelmed or would like more general support, The Silver Line can offer information and advice. Online: www.thesilverline.org.uk Phone: 0800 470 80 90 Age UK Age UK offers free and impartial advice on money matters in retirement, including pension options. Online: www.ageuk.org.uk Phone: 0800 678 1174

Pension Annuity

What is a Pension Annuity?

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

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.

Making well-informed decisions about financing your retirement is important so it’s worth shopping around and using available guidance and advice, before you 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

You can call us on 0800 008 3034 if you’d like to get a quote for a smaller amount. Monday to Friday, 9am to 5pm. Calls may be recorded and monitored.

Our Pension Annuity

What is a Pension Annuity?

Features

Is it right for me?

Important things to think about

Frequently asked questions

Do I have to buy an annuity?

How will I know what to do?

Where can I find pension guidance and advice?

Key documents

How can I take out a Pension Annuity?