Buying A Pension Annuity (2027)

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

: 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 buying a pension annuity

: The amount you receive depends on several factors: The total size of your pension pot. Current annuity rates (which recently reached an 18-year

: Provides a guaranteed income for the remainder of your life, no matter how long you live. smoking) that may shorten life expectancy.

: Offers higher income if you have certain medical conditions or lifestyle factors (e.g., smoking) that may shorten life expectancy.