Follow these 5 top tips to get the best annuity rates

To get the best annuity rates follow these top 5 tips:

  1. Choose the best option. Shop around for the best annuity rates using the open market option and don’t just accept what your pension company offers.
  2. Check if you qualify for enhanced rates, if you smoke, have poor health or take some medications then you may be entitled to enhanced annuity rates
  3. Get good advice. It is important to talk to an independent financial adviser who specialises in annuities before you make your decision.
  4. If you have a fund over £100,000 then consider Income Drawdown as well as the annuity option
  5. Think about inflation. You can make your annuity ‘inflation-proof’ by having it icrease in line with price rises, although you’ll start off with a lower income than if you’d chosen a level rate.

Call us on freephone 0800 043 0725 to research the best annuity rates or visit our website