Nearly all annuities allow you to take your income on a monthly, quarterly, half-yearly or yearly basis to suit your needs. What you decide will depend on how you need to budget your income against your expenditure.
You can also decide whether to take your payments as soon as your annuity has started – in advance, or at the end of your payment frequency – in arrears. Read about more options
For a full understanding of these options, we recommend you speak to your financial adviser. If you don't have a financial adviser, you can find one local to you at Unbiased.co.uk.
Useful links Just Retirement's enhanced annuities