Annuities from

Converting pensions from

Purchased life annuities

Purchased life annuities are annuities that are bought from funds other than your pension fund. This may be from a lump sum of cash you have saved from other means, or may be an annuity bought with tax free cash taken from your pension fund.

Purchased life annuities are to all intents and purposes the same as annuities purchased from your pension fund (sometimes known as compulsory purchase annuities) with the exception of the way that purchased life annuities are treated for tax purposes.

The advantage of a purchased life annuity is that it is treated differently for tax purposes and thus you can get more income from a purchased life annuity of the same rate as a pension annuity. Your financial adviser will be able to illustrate the differences as they apply to your financial situation.

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.