UK Pension annuities: Annuity types

UK Pension Annuities : Annuity types

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Annuity Information...

Home What are annuities? Do I need an annuity? Income drawdown Phased retirement Pension Transfers What affects rates? Types of annuity Level annuities Escalating annuities RPI linked annuities Purchased life annuities Joint annuities Impaired life annuities Investment linked annuities Tax free cash

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Annuity Types

UK pension annuities

As peoples financial requirements are different so annuity policies are different to cater for these different needs.

Annuities can be bought from either a pension fund, or with cash as a purchased life annuity.

You can also buy a joint annuity which will provide some income to your surviving partner when you die.

If you have certain health problems then you may qualify from an impaired life annuity. Impaired life annuities pay a higher than normal income if you have a medical condition that could reduce your lifespan.

Annuities can offer guaranteed income periods. If you buy a guaranteed period annuity then the annuity will continue to pay income for the specified period even if you die with that time. Normal guaranteed periods are 5 or 10 years.

Annuities fall into three broad groups: Level annuities; escalating annuities, and investment linked annuities.

Level annuities
If you buy a level annuity then your income is fixed for life. A level annuity will normally give you a higher income from the outset, but will not change during your retirement.

Escalating annuities
Escalating annuities are often known as increasing annuities. These escalating annuities can be of two main types: a fixed rate escalating annuity or a RPI linked annuity. In either case the income from the annuity starts lower than a level annuity but increases year on year.

To find out what type of annuity is suited to your personal circumstances complete the free, no-obligation annuity quote form below. One of our financial advisers will look at the currently available annuities and provide comparisons specific to your requirements.

It is easy to enquire about pension annuities. All you need to do is complete the simple form below.

Due to the flexibility of the annuity policies financial advisers can offer we cannot provide online quotations. A financial adviser will contact you to discuss your exact requirements and formulate a tailored annuity proposal for your circumstances.

Please Complete the Free No-Obligation Annuity Enquiry
Which pension type?
Your pension company
Value of pension fund after tax free cash
Pension amount offered by current pension company per year
Which type of annuity do you require?
Is any guaranteed period required?
If escalating, what rate do you want?
Do you want a single or joint annuity?
Retirement date (dd/mm/yy)
Your personal details
Date of birth (dd/mm/yy)
Sex
Do you smoke?
Number per day
Do you have any health conditions? (please state in comments below)
Spouse or Partner (Joint annuity enquiries)
Date of birth (dd/mm/yy)
Sex
Smoker?
Number per day
Any health conditions?
Approximate gross value of pension fund before tax:
Comments
Title:
First Name:
Last Name:
Address:
Postcode:
Please note it is not always possible to process enquiries based solely on the information contained in this form. Each case is unique and it may be necessary to speak to you to be able to assess your own particular circumstances to help find the most appropriate course of action. Please supply at least one phone number.
Home phone:
Work phone:
Mobile:
When can you be contacted?	Daytime Evening Weekend
Email address:
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