annuity ratesWelcome to annuity-rates.org. We are an online annuity comparison site who aim to find you the best pension annuity rates and pension annuity quotes on the market. We offer clear and impartial advice about your pension options, including pension annuities information.

Compare Annuities

By using our experience of the pension and retirement industry, we will be able to find you the best rates on the market. We search dozens of pension providers and insurers to ensure you get the best deal and make full use of the open market option (OMO). Some of the pension annuity providers we deal with include Aviva annuities, SAGA annuities, Standard Life annuities, Just Retirement annuities, Abbey Life annuities, AEGON annuities, Aviva annuities, AXA annuities, Canada Life annuities, Co-operative annuities, Friends Provident annuities, Hodge Lifetime annuities. LV= annuities, MGM Advantage annuities, Nucleus annuities, Partnership annuities, Phoenix Group annuities, Prudential annuities, Scottish Life annuities, Scottish Widows annuities, Skandia annuities, Standard Life annuities, Windsor Life annuities and Legal & General annuities. By using our annuity finding service, you’re retirement income could increase by as much as 40%.

How do I get the best annuity quote?

By enlisting the help of an annuity specialist like ourselves, you will be sure that you will receive a highly competitive annuity quote. What’s more, because we do all the hard work for you, you won’t have to search individual annuity providers yourself. We can search the whole annuity market for you, so you can be sure your getting the best annuity quote.

How can I get the best annuity rates?

No doubt you will want to find the best rates to ensure you get the maximum income at retirement. Many people think that if you visit the FSA website you will get the best rates on the market. However, these FSA annuity rates are only a guide and are not always indicative of the best deal for you. So to find the best rates for annuities, you need to speak to annuity experts such as us or an annuity specialist such as pensionannuityrates.net.

-Can I get an Enhanced Annuity?

One of the major benefits of using the open market option for annuities is that you can receive quotes that might not be available with your current pension provider. If you have a medical condition or lifestyle choice that could impact upon your life expectancy then you could be in line for an enhanced annuity. Enhanced annuities pay up to 40% more than standard annuities, so it is vital that you check between providers if you are eligible for enhanced rates for annuities.

-What is an Annuity Calculator ?

If you want to get an approximation of the best annuity then you can use an annuity calculator. This is a simple tool which will show you an illustrative example of what kind of rates you are eligible for. However, a note of caution, this will not give you a precise quote as it cannot take into consideration finite details about you, such as specific medical conditions. But, it is a good base from which to start.

-Explain Annuities to me…

Put simply an annuity is the process of selling your pension fund to an insurer in exchange for them paying out a fixed or variable amount in income for the rest of your life. Annuitants receive the first 25% of their pension fund tax free at the start of the annuity and are then taxed on the remanding income.

-Which Annuity is best for me?

There are dozens of annuity products on the market in the UK. However they fall into these main categories…

  • Investment-linked annuity – Standard annuities are invested in gilts (government bonds) as they bring a steady and dependable return for the insurer. However if you have a larger pension pot, typically over £100,000, you may want an investment-linked annuity, as you can choose to invest in the stock market with the chance of higher returns. The downside is if the market does not perform, your income may go down.
  • Level annuity – One of the most popular annuity choices, best suited who do not want to risk their income falling.
  • Incremental annuity – There are various annuities which have escalations built into them including inflation-linked or RPI annuities. These will peg your annual income to inflation or other percentages to protect you against rising prices. However, your starting annual income will be lower compared with a level annuity.
  • Guaranteed annuity – Your annuity income will be passed on to your nominated individual on your death, should this occur soon after retirement.
  • Joint-life annuity – Your income will be passed onto your loved one if you die before them.

-Five Annuity tips…

  • Shop around between providers.
  • Speak to an IFA or annuity expert.
  • Think about the future, will inflation rise, will your circumstances change?
  • Don’t be afraid to switch annuity providers.
  • Check if you are eligible for enhancements.

Main annuity options…

Conventional Annuity
Enhanced Annuity
Inflation Proof Annuity
With Profits Annuity
Variable Annuity
Fixed Rate Annuity
Unsecured Pension
Purchased Life Annuity
Smokers Annuity
Enhanced Annuity
Escalating Annuity
Single Life Annuity
Impaired Life Annuity
Value Protected Annuity
Short-Term Annuity
Joint Life Annuity
SIPPS
Alternatively Secured Pension