Best Annuity Rates

Best Annuity Rates

If you are hoping to gt a good pension you will need to get the very best annuity rates. Our team can help you decide which provider to choose, so get in touch!

Compare Annuities in UK

Compare Annuities in UK

We can compare annuities in UK to help you choose the very best company who have the best rates available.

Annuity Calculator

Annuity Calculator

We can use our specialist annuity calculator to calculate the very best annuity rates on all the UK providers available.

Get a quick quote  

Best Annuity Rates

If you would like to find the best annuity rates then this is where our team of specialists can help. We'll discuss the situation which you are currently in and what you are wanting to achieve by having this service. As we are specialists in the industry, we have lots of experience which we can discuss and use as a benefit when working with new clients.

If you've queries about these services in surrounding areas, then we will be able to help as we work nationwide. We offer and how we are able assist you more with this, enter your details into our enquiry form and we will get back to you as soon as we can.

What are Annuities?

Annuities are a fixed sum of money which are normally paid to someone each year for their life. A typical example is when a person has worked for the majority of their life, they will have paid National Insurance over the years and most likely an amount of money each month into their pensions. When they retire, they will have built up a large sum of money which is known an annuity.

How do Annuities work?

The money which you have when retire which has been saved up in your ‘pension pot’ is not just given to you when you retire. The money has to be placed somewhere and an option is an annuity. Companies will offer to buy the annuity for different rates and then pay the individual a fixed sum monthly or yearly. Research says that the typical life expectancy of people is 80 years, so annuity-buying companies work out their rates of what they will offer per month or year. The company will continue paying for the rest of your life but unfortunately many people die younger than expected and the company paying the monthly or annually fee will keep the left over money and this is how their business works.

Annuity Calculator Near Me

If you want to use a nearby annuities calculator to work out roughly what you should expect monthly, we could help you with this. Most people take 25% of their pension pot money that is tax free and then with the 70% they buy the annuities.

To get more details on how this all works and the full process, feel free to speak to a member of our local team as they can advise you on the best option.

Compare Annuities in UK

Before signing up to a contract it is recommended that you compare the options which you've been given. We can help you compare annuities within the UK to help you decide which company to sign up with.

Which Annuity Company Near Me

If you're unsure on which-annuity company to use, this can be confusing becasue there are so many companies in the industry and it is impirtant to choose the right one for you and you might have to shop around for annuities to make sure it's suitable for your needs.

Annuities Pros and Cons

There are many annuities pros and cons to consider before you sign up to a contract. Please see the advantages & disadvantages below:

Pros

Please see the advantages below:

  • Guaranteed Income – a contract is made to ensure that you will receive a certain amount of finance each month until you've died.
  • Set Value – The contract is a set figure which will not decrease with the current stock market.
  • Joint Income with your Spouse – A joint-annuity will protect both you and your partner and make you both covered in the contract.
  • Higher Income for Medical Problems – If you've health issues, it's likely that you'll receive more finance as your life expectancy is less.

Cons

Please have a read of the disadvantages below:

  • Irreversible – Once you have signed into the contracts, you cannot change the plan.
  • Low Rates – The current rates are quite low due to a rising life expectancy.
  • No Growth – The contract is normally a set figure and this means that you cannot receive any more finances each month than what was agreed.

Annuity Payments

Annuity payments is a figure of payments which will be made at regular intervals throughout the year. When retired, this will be the finances which you will live off for the rest of your lives. As this is a big decision to make, it is important to make sure you've received all the important information and that you're going to use a suitable company to be in a contract with.

Contact Us

To find out more about how our company works and to get the best annuity rates just fill out your details into our enquiry form and a member of our closest team will happily get back to you.