Pensions and Retirement FAQ's

What is an annuity?

An annuity is a way to receive guaranteed income.

You can choose to receive an annuity income for a fixed period or the rest of your life. There are a range of different options to explore, as well as the frequency of payments. You also might be eligible for an 'enhanced' annuity, these tend to offer a higher income if you have specified health problems.

Once purchased, you can't make changes at a later date or draw more income from them, so consider all of your options for your circumstances so you can make the right decision. 

Read more information on Annuities

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