Lifetime Annuities

The most commonly used route to a predictable and secure retirement income is a conventional lifetime annuity which provides a guaranteed income to be paid for life regardless of the performance of financial markets.

How is annuity income calculated? The amount received from the annuity provider will depend on a combination of the following:

• the size of pension fund
• age and gender
• if a pension commencement lump sum (tax free cash) is taken and how much this is
• health and lifestyle (for enhanced annuities)
• the features chosen, such as linking the income to inflation or providing an income for a dependant 
• postcode

Useful Links Is your annuity advice profitable? Use our calculator to find out (requires login)   
Common annuity product options