How to get the most from your retirement funds

An annuity provides a regular and secure income for those in retirement


A married couple meeting with their financial advisor

Sometimes, seemingly insignificant factors can have a positive effect on your retirement finances, especially if you have an annuity.

An annuity provides a regular and secure income for those in their retirement years. You can buy an annuity using your pension from a provider. In return, the annuity provider will pay you a fixed income for the rest of your life, regardless of how long you live.

Enhanced annuities pay more income based on your individual health and lifestyle factors. Essentially, the poorer your heath, the more income you'll receive. It is worth noting, you don't have to be seriously ill to qualify, simply declaring minor health problems or lifestyle factors can have a positive effect on the income you will receive.

See if you qualify for an enhanced annuity now

No matter how big or small, it is important you discuss all your health and lifestyle factors when purchasing an annuity. All factors will be considered, as they can make a big difference to your life expectancy and therefore your income.

Another important thing to remember is to include your partners details if you would like them to receive your annuity income when you pass away – their details could have a further impact on the income you are offered.

Find out how much income you could receive

You could still get a better deal on your retirement income, even if you have no relevant health or lifestyle factors, simply by shopping around.

There are many online tools that you can use to find out how much income you could receive. Age Partnerships online comparison tool does the hard work for you; simply enter your details and you can compare different incomes from the whole of the annuity market. You can also request to speak to one of their specialists, who can advise you on the best option to maximise your pension income.

Compare annuity income quotes from leading providers today

Once you have purchased an annuity, it cannot be changed. For that reason, it is important you consider all of your options carefully, including whether you want an income to continue to your partner after you pass away.

Talking to an experienced specialist or Financial Advisor is imperative before you make your decision. Impartial companies like Age Partnership, can help take the stress and worry out of the process, too.
Should you be interested in an annuity, an advisor or specialist can provide all the information you need to proceed, tailored to your personal circumstances. Alternatively, should you wish to retain flexibility around changing annuity rates, they can discuss your requirements and offer a range of different retirement solutions.

To find out more, call Freephone 08000 810 815 or visit to see if you can get up to 50%1 more from your pension savings.

1Which?, 2017

Annuity RateTax-Free CashCalculate Income

See More¹Selected annuity rates shown for a 60 year old male smoker, £60,000 after tax-free cash, single-life annuity, paid monthly in arrears with no escalation or guarantee. Rates quoted 02/05/2017. Rates can change daily and do not account for tax and personal circumstances, which may change in the future. To determine your individual rate please ask for a personalised illustration.

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