What annuity income could you get?

How much income you get from your annuity depends on:

The value of your pension fund
The amount of tax free cash you decide to take
Age
Life Expectancy / Health - smokers and people with certain medical conditions statistically have a shorter life expectancy and so income payments are often higher than for healthy non-smokers.
The type of plan you need - single or joint

There are many options available which will affect your annuity quote and resulting retirement income.

If you are concerned about your dependants you can get a five or ten year guarantee at a relatively low cost. If you die before the end of the period, your income will continue to be paid for the remainder of that time. This may be a good option to take to help protect your loved ones if you die prematurely.
If you are concerned about the effects of inflation on your income, you may decide to look at building in an increase to your payments. You would receive a lower starting income if you selected this option.

Please read our brochure for more details.