UK Pension Annuities : Why do I need an annuity?  
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Why do I need an annuity?

UK pension annuities

During your working life you have probably been saving in some form of pension scheme. The pension scheme is a method of building funds for your retirement. When you retire between the age of 50 to 75 the pension needs to be invested to provide an regular income in your retirement. This special investment is an annuity.

You will need to purchase an annuity if you have one of the following:

  • Personal Pension (or Retirement Annuity Contract)
  • Stakeholder Pension
  • Group Personal Pension
  • Additional Voluntary Contribution scheme (AVC) with your own fund
  • Free-standing Additional Voluntary Contribution scheme

If you have a Employer's Pension that is based on final salary then the retirement income is part of the pension scheme and you will not need an annuity.

There are a number of different annuity types and options available for these annuities. You can find out more details on by clicking here.

To find out which annuity would best suit your needs, or if you already know what you need, complete the free, no obligation annuity quote form below. Our advisers will look at the current annuities marketplace and provide comparisons specific to your needs and 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?

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Email address:

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