How to Purchase an Annuity

1.

You will need to provide us with some personal details.

2.

We will provide you with your available options and quote how much income you are likely to receive.

3.

We will send you a letter to sign and return which we then forward to your pension provider. This gives us the ‘authority to service’ your plan. We will then establish the fund value, the type of plan, what Tax Free Cash is available and whether your plan contains any guarantees.

4.

We will look at other income your household would receive e.g. state pension, other pension or investment income. Calculate your tax position. Look closer at what type of annuity would suit you. You may prefer a guaranteed rate or depending on your attitude towards risk – want a flexible income that offers potentially improved growth during retirement.

5.

Using your plans ‘Open Market Option’ we compare this information with the marketplace to get you the best rate.

6.

We can complete the application and transfer forms with you, to complete the process.