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L&G’s annuities hub
Retirement planning can be confusing, so that's why we've launched 'Annuities Explained' - a series that breaks down all you need to know about annuities. Explore below alongside more helpful content and tools.
Meet Barry and John
Barry, planning his retirement
Barry is starting to explore what his retirement income options could be as he approaches 55. He used our annuity calculator and liked the look of the sort of income an annuity could provide but sat down with John to learn more.
John, our annuities expert
John has led the technical and regulatory team that supports L&G’s Retail Annuities business since 2019. He and the team make sure that all our annuity-related products and services, plus our Lifetime Care Plan, always stay in line with all relevant regulations.
Watch our full annuities series
What is an annuity? | Annuities Explained /
What are the types of annuity? | Annuities Explained /
Annuity vs Drawdown | Annuities Explained /
UK annuity rates explained | Annuities Explained /
How is my annuity calculated? | Annuities Explained /
How do I buy an annuity? | Annuities Explained /
Interested in our Pension Annuity?
Our Pension Annuity provides a guaranteed income for the rest of your life. Our Fixed Term Plans (referred to by MoneyHelper as Fixed Term Annuities) provide a guaranteed income for a fixed term.
Learn more about annuities
Pension Annuity guides
Our annuity guides homepage brings together our helpful hub of annuity content to answer the most popular annuity queries.
Joint life annuity
How does joint life annuity work and what are the advantages? Find out more with our simple guide to understanding joint annuity pension.
Enhanced annuities explained
Learn about enhanced annuities and how your medical history could secure you a better annuity rate. Read our simple guide to find out more and improve your financial future.
Getting an annuity quote online
Learn all about annuity quotes and how to get an annuity quote in minutes with our helpful guide.
What are fixed term annuities?
A fixed term annuity pays a guaranteed retirement income for a specific period of time. We help you understand whether a fixed annuity is right for you.
Guaranteed annuity rates
A guaranteed annuity rate (GAR) is an annuity rate written into your pension policy that your provider has to offer you. We explore how GARs work.
What is an annuity and how do annuities work?
What is an annuity? We explain what annuity means and if an annuity is a good idea for you.
Compare annuities: Should I buy one?
There are several types of annuity including fixed, variable, deferred and immediate. Find out which annuity type might be right for you.
What are the latest annuity rates?
Annuity rates in the UK have risen in the last few years. Is now the best time to buy an annuity? We look at what this means for your retirement income.
How much does an annuity cost and how do I buy one?
What annuity can you buy with a £30k, £100k and £500k pension pot? We look at these examples and how to purchase an annuity.
Try our simple, practical tools
Annuity Calculator
It’s simple to use, and provides a helpful estimate of your potential guaranteed income in retirement.
Retirement Income Calculator
Use our retirement income calculator to calculate how much income you might be able to get in retirement from using your pension pot.
Pension Tax Calculator
Taking some or all of your pension pot can feel like a reward for decades of hard work. But how much does it really cost and what do you need to look out for? Try our calculator to learn more.
Before accessing your pension pot
Do you want the security of a guaranteed income for life? Or is flexibility more important to you? Make sure you carefully consider your options and know what you want from your retirement.
Get more guidance or advice
Making well-informed decisions about how to finance your retirement is important so it’s worth shopping around and making use of the guidance and advice services available:
Retirement guidance
Pension Wise from MoneyHelper
The government’s free and impartial service, offering guidance to make money and pension choices clearer for over 50s.
To find out more or book an appointment online click below or call.
0800 138 3944
Monday to Friday, 9am to 5pm.
Calls may be recorded and monitored.
Speak with us
Our colleagues in Cardiff are always happy to answer your questions or tell you about our retirement income products.
0800 048 2446
Monday to Friday, 9am to 5pm.
Calls may be recorded and monitored.
Retirement advice
Retirement Advice Service from Legal & General
Our advisers are experts in retirement regulated by the Financial Conduct Authority, so you can trust them to provide impartial advice and a personal recommendation that’s right for you.
0800 009 4011
Our team is available between 9.00am and 5.00pm, Monday to Friday. Calls may be monitored and recorded.
Meet our annuity experts
