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Annuities factsheet

Our free factsheet gives you more information about the benefits of annuities and using our new online annuity service.


Why do I need an annuity?

Why should I buy an annuity with my pension fund?

Annuities have received negative press in recent years, but even so they remain a good option for savers seeking a guaranteed income for their retirement. Whereas income drawdown leaves you exposed to market movements or the performance of your investments, with an annuity you know exactly how much income you will receive and for how long you will receive it. This security means an annuity could be an option for your everyday living expenses when you reach retirement.

Combining annuities with drawdown

You don’t need to use your whole pension fund to buy an annuity, which makes it possible to combine the security of an annuity with the freedom of flexi-access drawdown for your retirement income. This means you could use your annuity income to pay for bills and everyday living expenses, while using drawdown to access money for any additional expenses like a new car or a well-deserved holiday.

Find out more about flexi-access drawdown

Receive a free consultation with a financial planner

If you think you could benefit from combining an annuity with flexi-access drawdown, or if you’d just like to discuss your retirement options in general, why not get in touch with one of our qualified financial planners? Simply call us on 020 7189 2400 today or follow the link below to book a free no-obligation consultation. You can also find out more about your retirement options at Pensionwise.gov.uk.

Book a free consultation

Important information

The decision to access your pension is an important one and will affect your income and possibly your standard of living for years to come. Therefore we recommend that before any decision is made you receive regulated financial advice or get free guidance from Pension Wise. Find out more about Pension Wise.


Past performance is not a reliable indicator of future returns

The value of your investment can go down as well as up, and you can get back less than you originally invested.

The Bestinvest Online Investment Service, including any account analysis and investment reports provided by our guidance services, is an online execution-only dealing service for investors who want to make their own investment decisions. It does not provide advice on the suitability of products and investments; if you are unsure about the suitability of any investment you should seek professional advice. Clients of our Investment Advisory Service and Managed Portfolio Service can use the website to obtain current valuations of their investments but cannot trade on these accounts online and should call their adviser if they wish to discuss changes to their investments.

Past performance or any yields quoted should not be considered reliable indicators of future returns. Restricted advice can be provided as part of other services offered by Bestinvest, upon request and on a fee basis. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Issued by Bestinvest (Brokers) Limited (Reg. No. 2830297), which is authorised and regulated by the Financial Conduct Authority. Financial services are provided by Bestinvest (Brokers) Limited and other companies in the Tilney Bestinvest Group, further details of which are available here. This site is for UK investors only.
© Tilney Bestinvest Group Ltd 2016.

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