Our annuities
We offer a number of ways for turning your pension into a regular income for retirement. You can find out about our range of annuities below, including our new Income Choice Annuity.
If you already have an annuity with us, and you'd like to change your details or get in touch with us, our existing customer section has all the information to help you. Or if it's general guidance on turning your pension into an annuity, please see our guide to choosing an annuity.
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Guaranteed
Pension AnnuityOur conventional annuity guarantees to pay you a regular retirement income for the rest of your life, and can be purchased with a level or changing income.
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Income Choice Annuity
Our new Income Choice Annuity pays a regular income for the rest of your life with potential for growth and greater flexibility when taking your income. It is linked to the performance of our With-Profits Fund, which means your income can go down as well as up.
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Enhanced Annuity
Our Guaranteed and Income Choice Annuities can be purchased on enhanced terms if you have an illness, condition or lifestyle habit that may shorten your life expectancy, which may give you a higher retirement income.
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Flexible Lifetime Annuity
If you have a large pension fund you may qualify for this annuity, which offers greater flexibility in the way you invest your retirement income.
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Income Drawdown option
You don't have to buy an annuity as soon as you retire - our Flexible Retirement Plan gives you the opportunity to keep your money invested and draw down on your pension fund until you are ready.
Why choose a Prudential Annuity?
Read about the reasons for choosing an annuity with us.
You don't have to buy your annuity from the same company you have your pension with - you can shop around for the one that suits you using the 'Open Market Option'. But remember that once you've bought your annuity you can't normally change your mind.
For general guidance on converting your pension into an annuity, please see our annuities guide where you'll also find answers to our most frequently asked questions.
