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Our Pension Annuity Search Service
Our Pension Annuity Search Service is ideal for clients with pension funds totalling £30,000 or less who want to check out the best annuity deals available to them. We do not offer advice as part of this service but provide you with all the information you need to make an informed choice for your needs.
All you have to do is:
- Decide on the type of annuity you need based on the information we give you about your choices.
- Complete the Client Information Form. If you smoke or have any medical conditions you also need to complete the Medical Questionnaire - we may be able to get you a higher income as a result.
We'll do all the legwork for you:
- On receipt of the form(s), we will contact your existing pension provider and ask them to provide you with an illustration of the income they can offer as well as the current maturity value of your fund.
We will search the whole of the UK annuity market and send you a report detailing the best annuity rate available to you. Remember this could be up to 22%* more than the rate available to you from your current pension provider.
Then:
- You need to compare the income from your current provider with the best annuity rate we have found.
- Decide if you want to go ahead!
If your total funds are less than £16,000 and you have no other pension policies, then you may be able to take your whole fund as a taxable lunp sum.
* source : Bank of Scotland Annuity Service cases completed from 12/03/07 to 12/09/07 - average income increase for all like for like cases where client qualifies for enhanced terms taking into account their health and lifestyle.
Next Steps
Click here to read our Key Facts Document and then complete our Client Information form and Medical Questionnaire if applicable. Return the forms to us so we can search the market on your behalf to get you the best deal.
