Types of Annuities
Lifetime annuities
A lifetime annuity pays you a guaranteed income for the rest of your life. You can choose the income payments to continue for your spouse or dependents when you die and the income will not be subject to stock market fluctuations. With an enhanced annuity you can receive a higher income based on certain health conditions and lifestyle choices. Find out more about lifetime annuities.
Fixed term annuities
A guaranteed income for a fixed term plus a tax-free lump sum. With a fixed term annuity, you decide the term of the fixed income payments. You can opt to strip the fund down over the chosen term or leave yourself a guaranteed maturity amount at the end of the fixed term to then review the market with. At the end of the fixed term period you have all the same options available to you as you had when you set the plan up. Find out more about fixed term annuities
Enhanced annuities
Find out how much income you could get with an annuity
Speak to one of our pension experts who will explain your options clearly and provide a personalised annuity quote call 0800 043 0725 or request a call back