With an annuity you are essentially using your pension pot to buy a fixed income that usually lasts for the rest of your life. You will know how much money you’ll receive and how often, but once you buy one you cannot usually change your mind.

Find out more about annuities and how they compare to income drawdown.

Did you find this article helpful?

Sorry about that

How can we improve it?


That's great. Thank you for your feedback.

Thanks for the feedback. It's really useful.

Speak to an expert

If you would like to talk to us about your investment needs you can contact us on: