Annunity

For advice or quotations for any type of annuity, with no obligation, please call one of our qualified advisors
0845 365 2410 quoting ref WS9
(Advisors are available Monday - Friday during normal office hours)

Please Select The Type of Annuity Quote or Advice You Require and Click GO
I want a standard pension annuity quotation (includes fixed and variable rates).
I want an impaired life pension annuity quotation (includes fixed and variable rates).
I want a smoker pension annuity quotation (includes fixed and variable rates).
I want a purchased life annuity quotation (not for pension funds).
I want a quote for an immediate care annuity.
I want a quote for long term care annuity.
I want to discuss my annuity options with a financial adviser (no obligation).
I want advice regarding a pension transfer.

Annunity

An Annuity is a sort of insurance that provides a regular retirement income in exchange for a lump sum of money at the start.

At the time that you retire you must convert the capital built up in your personal pension into a regular pension. You can take up to a quarter of your pension pot as a tax-free lump sum, but the balance must be converted into an annuity.

Annuities work as life insurance in reverse. The company that sells you the annuity guesses how long you will live and then derives from this the amount it will pay you.

In the UK everyone who has a pension and has built up a lump sum with their provider must buy an annuity before they attain 75 years of age.

Recently Annuity Rates have fallen sharply and a 65-year-old man now earns a typical return of just 8% from his pension fund. With a pension fund worth £100,000 he would receive an annual income of £8,000.

You do not have to take the annuity offered by your existing pension company. Annuity rates vary between companies so you need to check which one will give you the best deal.

Switching your provider could increase your pension by hundreds of pounds a year or enable you to invest in a different type of annuity that suits your requirements better..

UK IFA NET provide fully independent Annuity Advice for your individual requirements. Simply click for a quote. Alternatively speak to one of their highly experienced consultants today on 0845 365 2410 quoting ref WS9 or fill out our online quote request form and one of their advisors will contact you.