Buying A Pension Annuity · Recent & Official

: Increases each year, either by a fixed percentage or in line with inflation, to protect your purchasing power. Key Considerations Before Purchasing Consumer's Guide to Understanding Annuities

Current annuity rates (which recently reached an 18-year high due to rising gilt yields). Your age and health status. Common Types of Annuities buying a pension annuity

: Provides a guaranteed income for the remainder of your life, no matter how long you live. : Increases each year, either by a fixed

: In return, the insurer provides regular payments that act like a salary during retirement. : Increases each year

: Pays an income for a specific number of years rather than for life.

: You pay a lump sum from your "defined contribution" pension to an insurance company.