Pensions and Retirement Frequently Asked Questions

I'm in poor health or a smoker. Will this affect the annuity rate I get?


 If you’re a smoker, or in poor health, you may be able to benefit from an enhanced or impaired life annuity which pays a higher income based on a reduced life expectancy.

The increase of receiving an enhanced annuity could be as much as 25%. This 25% increase is based on someone with a terminal illness.

Further information on enhanced annuities, click here.


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