What Are Annuities?

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I want a standard pension annuity quotation (includes fixed and variable rates).
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I want a quote for an immediate care annuity.
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I want advice regarding a pension transfer.

What Are Annuities?

An annuity is a contract with an insurance company which guarantees to provide you with an income in return for the payment of a lump sum. These are normally for life, although temporary annuities are also available.

Annuities are usually used for pension funds, although they can also be bought with non-pension savings, and this type of contract is known as a Purchased Life Annuity.

An annuity guarantees to pay you an income for life, no matter how long you live. Because it cannot normally be changed once set up, it is very important to make the right choices when purchasing your annuity.

Current rules state that you must purchase an annuity or Alternatively Secured Pension with your pension fund (net of any tax free cash entitlement by the time you reach age 75.

There are many Annuity Options available, and which is most suitable depends on your individual circumstances. You are strongly recommended to take independent Annuity Advice before making your choice.

If you are in the process of deciding which type of annuity is best for you, or if you would like to consider other options such as Phased Retirement or Income Drawdown, please complete our enquiry form or telephone on the number shown above.

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.