About Annuities

An annuity is a product which pays a regular income in exchange for a lump sum. They are the traditional way in which retirement savings are converted into a pension for life.

The point of conversion from savings into income using an annuity is an irreversible decision so it is really important that you get it right.

There are many options available within annuities such as adding in an increase to the income every year or adding a spouse on to the annuity so that it continues to be paid after your death. A guarantee period such as a 5 year or a 10 year period can be added so that the income continues to be paid in full in the event of your premature death. Each option added reduces the payment that you will receive.

Higher income levels can be achieved if you have health issues, if you smoke and even the area that you live. It is important that when you consider your annuity that you provide full details to the company that will pay your income. It could make a big difference.

Many pension providers will offer you an annuity income. It is however unlikely that they will offer you the best annuity rate. It pays to shop around.

About Our Service

Annuityhelp Direct offer an annuity comparison service. We will provide you with information on the annuities available. This will give you all the information that you need to consider. We will also make you aware of the different options available on annuity products.

We will also help you set up the annuity which includes the transfer from your existing plan and setting up the income plan.

We will arrange for illustrations from a wide range of providers and provide you with the best rate we can obtain.

This is not an advice service. Annuityhelp Direct is a trading style of Pensionhelp Limited. Annuityhelp Direct does not offer financial advice. Once you have purchased an annuity you cannot change your mind after the cooling off period, so it is important that you choose the right annuity for you. It may be in your best interests to receive advice from a financial adviser to help you with this decision. If you would like to consider the advice service offered by Pensionhelp Limited (trading as Pensionhelp Direct) click here for more details.