Thinking ahead about buying an annuity?
If you're not planning to purchase your annuity for at least six months, you don't need to make any decisions yet, but now is the perfect time to ensure you're prepared for when the time comes.
Consider your retirement objectives
Your income has to last your lifetime so it's a good idea to start thinking about what life will be like when you've retired. Remember that your needs are likely to be different now and in the future, and it's important to account for inflation.
Our Retirement Calculator can help you see how close you are to meeting your financial goals.
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Topping up your pension(s) and/or combining your pension funds, can help boost your retirement fund and increase your options when it comes to buying your annuity.
You should also think about other investments, such as tax-efficient Individual Savings Accounts.
To find out how much income your pension could provide, you can get a free personalised annuity quote.
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There are many types of annuity with different options available to suit different needs. You might also want to receive some of your pension as a tax-free cash lump sum.
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. But remember that once you've bought your annuity you can't normally change your mind.
To help work out the best option for you, try our interactive guide to choosing your annuity.
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We are the number one provider of annuities in the UK.* Over one million people rely on us to pay their pension every year and in 2009 more than 100,000 people chose to buy their annuity with us.
Find out about the wide range of annuities we offer and why choosing an annuity with us makes sense.
*Source: Company New Business Press Releases 2010
To find out more
Call Mon- Fri, 9am - 6pm. There is no obligation to buy.
0800 012 1179
Please quote ECOM.
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Call us about Annuities
0800 012 1179
Mon-Fri 9am-6pm (Please quote ECOM)
Annuity tools
Your questions
- Find answers to common annuity questions
- See when you need to start planning for an annuity
- Stuck on jargon? See our glossary
