Like other annuities, our Flexible Lifetime Annuity pays you an income for life. The major difference is that it also lets you choose how much income you take and how your money is invested, offering you a more flexible way of controlling your retirement income. You can also use it to provide for your dependants and beneficiaries if you so wish.

Our Flexible Lifetime Annuity is available to people with pension funds of at least £75,000 (after taking any tax-free cash), who may be willing to take a higher degree of risk with their retirement income.

The value of your investment may go down as well as up.

Benefits of our Flexible Lifetime Annuity

You have control of how your pension fund is invested across a range of investment funds.
You can control the amount of income you take each year (within limits) until you reach 90. The income limits are reviewed every three years.
You can help to provide financial security for dependants by choosing a joint-life annuity, or you can ring-fence some of your fund for dependants or your estate in case you die early.

Risk factors

Your income is linked to the performance of your chosen funds and isn't guaranteed. The amount of income you receive in future years could be lower than the amount you start with.
The limits on the amount of income you could receive (your 'income limits') can go down as well as up after an income review. The value of the fund may be eroded, especially if investment returns are poor and a high level of income is taken and this could result in a lower income in the future. When maximum withdrawals are taken high levels of income may not be sustainable.

Want to know more?

Our Flexible Lifetime Annuity is only available through Financial Advisers.

If you do not have a Financial Adviser, Find an Adviser

Want to see other options?

If you'd like to find out about our range of annuities, please click on the following links:

Guaranteed Pension Annuity
With-Profits Annuity
Income Drawdown Plan
Enhanced Annuity

Why choose us?

You can be confident your Pru annuity will be around as long as you are. Established in 1848, we've been in business now for more than 160 years.

We are the UK's largest provider of pension annuities*. We currently pay pension income to more that 1 million people.

We have an AA+ rating from Standard and Poors, as at August 2008 (rating based on financial strength). We've also won Professional Adviser magazine's 'Best Annuity Provider in 2008'.

Get a pack

Find out more about the Prudential Flexible Lifetime Annuity by downloading our useful guides:

Flexible Lifetime Annuity Literature
Flexible Lifetime Annuity Brochure (pdf 768k)Flexible Lifetime Annuity Key Features (pdf 142k)

*Source: based on publicly available information for new business figures 2007.

Flexible Lifetime Annuity

Flexible Lifetime Annuity Literature