We compare the entire market.
80% of Retirees Get Better Pension Annuity Rates When They Shop Around.
Annuity Quotes vary from one annuity provider to another, so you should make sure you shop around and use the open market option to get the best annuity quotes. You can compare annuity quotes online but there are a few things to think about first.
Shopping around for your annuity
- Find out the value of your pension pot from your pension provider
- You can take up to 25% of this fund as tax-free cash, if you take cash it will reduce the income you receive, decide how much tax-free cash you want.
- There are a number of options with annuities and you need to get annuity quotes showing the cost of these options, for example joint life (0-100%), guarantee period (5 or 10 years), Level or Escalating. If you are not sure then consult with an Independent Financial Adviser.
- If you are a smoker or take medication then you may be entitled to better rates. Most providers now use your postcode to determine your annuity rate, but if you do take medication then check with the provider to see if you qualify for what is called lifestyle or enhanced rates
Don't forget you do not have to buy your annuity from your existing pension provider, it is your right to shop around and get annuities quote from the open market. If you are not sure then consult with an Independent Financial Adviser or complete our quick annuity quotes form opposite to get annuity quotes online.
Getting your annuities quote from the open market, is likely to get you a much better annuity rate especialy if you smoke or have a qualifying medical condition.
Why Choose Annuity Supermarket?
We’ll search the UK market to find you the best annuity rates for your needs and with strong relationships with some of the UK’s top annuity providers we can find you deals which may not be available elsewhere.