Considering an Annuity for a
Guaranteed Retirement Income?
April 2023 – Now is a great time to consider an annuity and take advantage of the current rates available. Getting started is simple.
There are many different income and investment options to consider when it comes to planning for your retirement and you need to consider those available to you. Annuities are preferred by those who prefer a regular income for life.
Having spent years saving for your retirement you need to decide how you will use your pension fund to support your lifestyle whilst providing security and flexibility. Just accepting what your pension provider offers may be the simple option but not right for you. That’s where we come in.
What is an annuity?
Put simply, an annuity uses the money in your pension pot to provide a guaranteed income for life. Depending on your lifestyle and medical history, you may qualify for an enhanced annuity, which provides you with an increased income.
How much income can I expect from an annuity?
This depends on many factors, such as:
- The amount you have saved in your pension pot
- Current market rates for annuities (April 2023 – Rates are considered good at the moment)
- Your current age, health and life expectancy (the older you are, the more income you’re likely to receive)
Despite the abundance of quick calculators available online, an accurate and realistic annuity quotation depends on knowing more about you. Our advisers will ask you the right questions and provide a full quotation that you can use to make a decision.
Why should I arrange an annuity through an adviser like you?
Our role is to find an annuity product that’s right for you, and not just a one-size-fits-all that may seem like a good fit at first glance, but isn’t in the long run.
By using an adviser:
- We’re accountable for our decisions and recommendations by the FCA and financial guarantees exist that protect you.
- You know we’ve considered everything from you the current economic climate to your own personal circumstances
- You’ll gain access to preferential rates that you won’t find elsewhere by shopping around yourself. Providers come to us with preferential rates as they know we’re fitting the right person to the right annuity.
- Using an adviser doesn’t necessarily make it any more expensive for you, when all things are considered.
What next?
Call us on 01952 279 379 to discuss.
Email: support@pensionlite.co.uk
To find out more about annuities and retirement options you can contact our expert team of advisers. We will provide you with advice and recommendations in an easy-to-understand format based on your own personal plans, the options available and your unique needs and circumstances.
Click Here to Meet the Pensionlite Team
We will communicate with you by telephone, video call, post, email, text and telephone or face-to-face according on your preference. Your own adviser will be available, on the phone or by video call, to answer any questions and address any queries, once you have had time to read your recommendation report and make a note of any questions.