Types of annuities
Level without guarantee
This means the income from your annuity remains the same for the rest of your life ie it will be prone to inflation.
Escalating 5% pa compound without guarantee
The income from your annuity increases by 5% each year (ie to counter inflation) but stops immediately you die.
Joint Life last survivor
When the “first life” dies (ie one partner of a couple getting the annuity pops their clogs) the annuity passes to the survivor – the second life – and continues until they die.
|If you want to get a specific idea of how big an annuity you could get with your pension fund, we can connect you to an IFA who specialises in annuities. They will give you a quick customised quote.This is a free service and you’re under no obligation to proceed in any way. Click here.|