Pension annuity
Get a guaranteed income for your retirement, with a pension annuity from Legal & General.
How does a pension annuity work?
From the age of 55 (57 from 2028) you can take up to 25% of your pension pot as a lump sum without paying tax. You can then leave the rest of your money invested and dip into it when you need it via drawdown, or you can buy a pension annuity. In contrast to drawdown, an annuity guarantees that you receive a regular income throughout your life, which is determined by your annuity rate.
Does it provide a regular pension income?
Pension Annuity
Drawdown
Will I have a guaranteed income each month?
Pension Annuity
Drawdown
Is my pension income guaranteed to last my whole life?
Pension Annuity
Drawdown
Can I change how much I get from my pension income?
Pension Annuity
Drawdown
Do I have options to pass on my pension to beneficiaries?
Pension Annuity
Drawdown
Pension Annuity
Drawdown
Does it provide regular pension income?
Will I have a guaranteed income each month?
Is my pension income guaranteed to last my whole life?
Can I change how much I get from my pension income?
Do I have options to pass on my pension to beneficiaries?
Things to consider before buying an annuity:
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