What is a Pension Annuity?

A pension annuity is a product that converts your pension pot into guaranteed regular income for the rest of your life, no matter how long you live. With a pension annuity, you'll know exactly how much you're getting, come rain or shine.

Why get a quote with Legal & General?

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Help getting you the best deal

When you get a quote with us, we'll also check if there are better deals available. You'll also have the option of seeing who's offering this by visiting our partner website Annuity Ready.


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Compare products and options

As well as getting a quote for our Pension Annuity, you can also quote for our Fixed Term and Cash-Out Retirement Plans. You’ll be able to get multiple quotes on different products to see how the different options affect your level of income.

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Trusted annuity provider

UK families have been trusting Legal & General to look after their finances for over 185 years. When shopping around for an annuity one in every five people choose us.


Pension Annuity Key Features   Terms and Conditions

The choices you make may affect your income for the rest of your life, and you can't change your options later. We strongly recommend seeking financial guidance or advice.

Pension Wise is a government service from MoneyHelper that offers free impartial pension guidance. Available if you're 50 or over, you should consider having a free Pension Wise appointment, before you decide how to access your pension. 

Annuity rates reach 14-year high in 2022

Could now be the best time to buy an annuity? We look at what this means for your retirement income.

Based on Legal & General annuity rates, Sept 2023.

Common annuity questions

Next steps

Now that you’ve learnt more about our Pension Annuity, why not look at other products available as part of your shopping around. Other providers may have more appropriate products or be able to offer a higher level of retirement income.

Fixed Term Retirement Plan

Cash Out Retirement Plan

Pension Drawdown

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Annuity articles

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Enhanced annuities explained

Later life health problems can make enjoying your well-deserved retirement years harder than it should be. They can hit your finances too, pushing up the cost of day-to-day living and creating new care and support costs.

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Buying an annuity

Deciding that an annuity’s the right choice for you is only the beginning. You still need to look around, find the right one and then buy it. We’re going to give you some key pointers to help you do just that.

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How do annuities work

Many people are looking for reliable ways of funding their later years. But how do annuities work? Whatever your goals, a guaranteed income with a pension annuity could help you achieve them.

Need some help?

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

Retirement guidance

Pension Wise from MoneyHelper

The government’s free and impartial service, offering guidance to make money and pension choices clearer.

To find out more or book an appointment online click below or call.

0800 138 3944
8am to 6.30pm, Monday to Friday.
Calls may be recorded and monitored.

Speak to us

Our colleagues in Cardiff are always happy to answer your questions or help you apply for a quote.

0808 304 9527

Monday to Friday
9am to 5pm
We may record and monitor calls.

Get financial advice


Financial advisers can give you professional advice for pension planning.

You usually need to pay for their service and in return they recommend how to make the most of your pension given your circumstances.

To find and compare financial advisers please visit their website below.