Annuity
Supermarket

0800 043 1540

• Home
• Jargon
• Impaired Annuities

Request a Call Back

Click here
For an Annuity Adviser to call you

 

• Links

Equity Release Advice

 

 

Some of the Providers we use

Privacy Statement:

By providing us with any personal data, you agree that we may hold that information on computer and/or paper files. This information will be held in confidence by Annuity Supermarket Limited  and will be passed to recommended independent financial adviser companies who may use it to advise you about financial products or services that may be of interest.

The use of your personal information is governed by the registrations of both Annuity Supermarket Limited and the relevant IFA companies under the Data Protection Act 1998. Under the Act, you have the right to obtain a copy of the information held about you, for which you may be charged a reasonable fee.

Annuity Rates - Quote Comparisons

Personal Details

Your Details		Partner Details
Title	Select Mr Mrs Miss Ms Dr Rev Sir Dame Baron Baroness Lord Lady Prof Judge	Title	Select Mr Mrs Miss Ms Dr Rev Sir Dame Baron Baroness Lord Lady Prof Judge
Firstname		Firstname
Surname		Surname
Date of Birth	Day 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Mth 01 02 03 04 05 06 07 08 09 10 11 12 Year 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958	Spouse Date of Birth	Day 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Mth 01 02 03 04 05 06 07 08 09 10 11 12 Year 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958
Address
Town/City		Postcode	Please enter your postcode - some annuity providers quote by postcode.
Telephone	Please enter daytime telephone No. Please enter telephone No.	Email address	!enter valid email addressInvalid format.

Annuity Requirements

Fund Size £		Planned Retirement Age	select 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75
Smoker	No Yes Have you smoked any tobacco products in the last 12 months?
Medication	No Yes Are you taking any medication?

It is estimated that up to 40% of people retiring qualify for an enhanced or impaired annuity but only a tiny proportion of these people apply for one!

By clicking the above you agree to our Privacy Policy and authorise us to contact you by phone, email or post.

Picking a good-value pension annuity rate could give your pension a significant lift.

Anyone currently paying into a personal, stakeholder or money-purchase pension scheme will probably have to buy an annuity to fund their retirement. Under current rules, you have to convert the money you have built up in your pension scheme into an annuity before you reach 75.

There are significant differences in the performance of the best and worst pension annuity rates and the advice of an independent financial adviser should be sought to ensure you get the best annuity rate.

An Annuity Explained
An annuity converts a lump sum (usually a pension fund) into a regular income that will last as long as you live. The income is taxable and the amount that you get each year will depend on the size of your fund, the pension annuity rates the annuity company offers, your gender, age and health, and the type of annuity that you opt for. You are allowed to take up to a quarter of your pension fund as a tax-free lump sum and most convert all of your remaining pension fund into an annuity before the age of 75.

Which Annuity?
Most people opt for a conventional lifetime annuity, but there are several options to pick from.

• Level annuity Your income will stay the same each year irrespective of inflation.
• Increasing annuity This can either match inflation for the rest of your life or rise by a specific percentage each year.
• Guaranteed annuity This will continue to pay out for a time to a nominated individual if you die soon after retiring.
• Joint-life annuity A joint life annuity gives your partner some or all of your continuing income if they outlive you.
• Investment-linked annuity If you have a larger pension fund, you may prefer to invest it in the stock market. This means that your annual income could go down as well as up.

Explore your options
Many people assume that they have to buy an annuity from the company that has held their pension. This is not the case, as you have the right to shop around for the best pension annuity rates when you retire – it’s called the open market option (OMO). Worryingly, figures from the Association of British Insurers (ABI) show that 61 per cent of people who bought an annuity in 2007 did not shop around in this way.

Get the best deal
There are huge differences between the level pension annuity rates offered by the various annuity providers – underlining the fact that you should use the OMO.

Checklist
Follow these tips to get the most from your annuity

1. Choose the best option. Shop around for the best pension annuity rates using the open market option and don’t just accept what your pension company offers.
2. Get good advice. It is important to talk to an independent financial adviser who specialises in annuities before you make your decision.
3. 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.

 

Financial Services Directory - UK directory of financial services and independent financial advisors.

Equity Release Advice - Equity Release Solutions are a leading firm of independent financial advisers (IFA) specialising in giving advice on equity release schemes.

Independent Financial Advisors - Independent Financial Advisors and Financial Advice Links

Dmegs Directory