Pension annuity
Get a guaranteed regular income for your retirement, with a pension annuity from Legal & General.
Secure your future
financially
A pension annuity guarantees to give you a lifelong income. With a Legal & General annuity you can choose for it to continue to pay your loved ones when you pass away.
Buy from one of the UK's biggest
Over 956,000 customers use
Legal & General for their annuity income, making them one of the UK's biggest annuity providers.
Legal & General for their annuity income, making them one of the UK's biggest annuity providers.
Apply online in
minutes
You can get a quote and apply for a pension annuity online, you just need to provide some basic details around your pension savings and any health conditions.
What's a pension annuity and how does it work?
An annuity’s one way to take your pension when you retire. It pays you a guaranteed regular income for the rest of your life. The amount you receive is determined by your annuity rate. You can also mix an annuity with pension drawdown. So, you could use part of your pension to purchase an annuity and leave the rest invested to draw down from as and when you choose. This way you combine the predictability of an annuity with the flexibility of drawdown.
Annuity
Pension 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?
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
Does it provide a regular pension income?
Pension Annuity
Drawdown
How is my pension annuity income calculated?
The final annuity income you get can depends on things like your age, health and where you live. Generally, the older you are, the higher the annuity rates you'll be offered. You're also likely to be offered a higher income if you have a shorter life expectancy for other reasons, for example you're in poor health or you're a smoker.
To get a rough idea of what you might receive from an annuity you can use Legal & General's retirement income calculator.
To get a rough idea of what you might receive from an annuity you can use Legal & General's retirement income calculator.
Things to consider before buying an annuity:
Get a free pension annuity quote today
You can generate a pension annuity quote in minutes online through our partner, Legal & General. We earn a referral fee from Legal & General if you decide to purchase an annuity, but this fee doesn't impact the annuity income you receive.
Remember, it's always a good idea to compare annuities from several providers to find the one that suits you best. If Legal & General don't provide the best annuity rate they'll offer the option to run a whole of market comparison for you, to ensure you get the best retirement outcome.
Depending on your circumstances, you might be entitled to an enhanced annuity. For example, if you have a long-term health condition that reduces your life expectancy, you may be entitled to a higher guaranteed annuity rate. If you're not sure about your retirement options or whether an annuity is right for you, you might want to consider independent financial advice - however, this is completely up to you.
Remember, it's always a good idea to compare annuities from several providers to find the one that suits you best. If Legal & General don't provide the best annuity rate they'll offer the option to run a whole of market comparison for you, to ensure you get the best retirement outcome.
Depending on your circumstances, you might be entitled to an enhanced annuity. For example, if you have a long-term health condition that reduces your life expectancy, you may be entitled to a higher guaranteed annuity rate. If you're not sure about your retirement options or whether an annuity is right for you, you might want to consider independent financial advice - however, this is completely up to you.
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