Guarantee your retirement income with an annuity

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The Moneyfacts Annuity Service, provided by Just Retirement Solutions, can help you to shop around for the right annuity to suit your needs. We'll explain the options you have when setting up your annuity, so that you can decide how to personalise your annuity to meet your needs. And, as we don't give you financial advice, there's no advice fee to pay.

Do you want the security of a guaranteed income for your retirement?

An annuity is still the only product that will give you a guaranteed income paid regularly to you for the whole of your retirement.

You can also enjoy the:

• Reassurance of knowing exactly how much you can expect in each payment
• Peace of mind that your income will continue exactly how you have set it up to - no matter what the stock market does
• Flexibility to set up your annuity to meet your needs whether that's providing for loved ones or keeping up with inflation
• Ability to take up to 25% tax-free cash

'But what about leaving something to my loved ones for when I'm no longer around?'

With an annuity you have the option to protect your money and pass it on to loved ones, and not the insurance company, following your death.

How can I shape my annuity to suit me?

Tax-free cash

At the point you decide to start taking your pension fund as income, you can choose to take up to 25% of your pension as a one-off payment, free of tax. Of course, you don't have to take any at all if you prefer.

With some providers you can choose to take more than your 25% allowance, however anything above this will be taxed at your marginal rate. But beware, the more you take out at this stage, the less you'll receive in your regular payments.

Tell us about your health and lifestyle factors

Current and past health conditions and your lifestyle, as well as those of your dependants, could significantly increase your annuity income. By giving us as much detail as you can, from stating your postcode through to your lifestyle and medical history, we could help you achieve more income during your retirement.

Ability to leave a cash lump sum or income to your beneficiaries

An annuity will last as long as you do. So, if you want to make sure you get as much of your money back as possible in the event of an early death, you can set up a payment plan, either as income or a cash lump sum, which is paid to your beneficiaries when you die.

Protection from inflation

You can choose for your income to remain at the same amount as it was the day you set up the plan. Or, you can choose for it to increase annually to offset the effects of inflation.

How often would you like to receive your annuity payments?

You can choose how often you want your annuity income to be paid (to you). Do you want to receive it monthly, annually or perhaps every six months for example? You can also choose whether you want to be paid in advance or arrears.

Shopping around could get you a better deal - meaning more income in your retirement than you first thought

You don't have to buy your annuity from the company holding your pension savings. There may be better deals elsewhere.

We do the hard work so you don't have to. Call 01737 233 435* and quote MF106. We'll help you create a personalised annuity and compare rates for you. In less than an hour our team could find you a better deal that gives you a higher income that's guaranteed for life.

Tell us about your health and lifestyle and you could be entitled to more money in your retirement

If you shop around and don't stay with your current provider you will see that not all annuities give you the same income.

There will have been other times in your life where you may not have wanted to disclose your health conditions or lifestyle factors for fear of higher premiums. With an annuity it’s different. By telling us about your health and lifestyle you could be entitled to more money in your retirement. Take a look at these examples:

• If you consider yourself reasonably healthy, but you smoke, have raised blood pressure and diabetes, you could benefit from up to 25% more income during your retired life^.
• If you've been diagnosed with a more serious medical condition, or have had one in the past, you could get up to 27% more income during your retirement^.

There's a range of questions we ask to see if you qualify for an enhancement to your annuity:

• Are you a smoker?
• Do you have high cholesterol?
• Are you overweight?
• Do you have serious or life-threatening medical conditions?
• Do you have raised blood pressure?
• Have you ever been hospitalised?

If you feel that you might qualify for another condition, it's worth getting in touch with us.

Call 01737 233 435* and quote MF106 to compare annuity rates.

Is an annuity and guaranteed income right for me?

The Government has removed most of the restrictions on what you can do with your pension savings. This means that you have more choice than ever before. If you're unsure what to do with your pension savings, Pension Wise is a free and impartial government service that offers people approaching retirement free, impartial guidance about their choices either over the phone or face to face.

Try our free Online Annuity Planner

Our friendly team are ready to help you compare your annuity quotes over the phone. Call 01737 233 435* and quote MF106 for your free quote. Let our team find you a better deal on your retirement income.

Alternatively our handy online tool is designed to help you compare annuities and guarantee your income for life.

Compare annuities with our Online Annuity Planner today

^Source date: 18/11/2016. 27% is achieved by comparing the lowest standard annuity rate against the best enhanced rate for a 65 year old male, 5'10", 9.5 stone, who has been diagnosed with bowel cancer in the last three years, has had surgery, chemotherapy and radiotherapy and is on medication. He is also on medication for high blood pressure.
25% is achieved by comparing the lowest standard annuity rate against the best enhanced rate for a 65 year old male, 6'01", 15 stone, who smokes, is overweight, and is on medication for high blood pressure and Type 2 Diabetes (non-insulin dependent).
Quotes have been obtained from a representative sample of providers via Just Retirement Solutions and are based on an RH2 7RU postcode, pension pot of £25,000, with a 5 year guarantee period, no escalation and no value protection, with monthly payments in advance. The comparison is based on rates available via the open market option only and it should be noted that smaller increases will be achieved for less serious medical or lifestyle conditions.

More useful information

Annuity jargon guide

How to get the most from your annuity

Pensions Guides

How to find lost pensions

Moneyfacts.co.uk has chosen Just to offer an annuity comparison service. Any legal or contractual relationship will be between you and Just Retirement Solutions.

*Lines are open Monday to Friday, except Bank Holidays, 9am to 8pm. Call charges may apply and calls may be recorded or monitored.

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The Moneyfacts Annuity Service is provided by Just Retirement Solutions. Registered office: Vale House, Roebuck Close, Bancroft Road, Reigate, Surrey RH2 7RU. Registered in England No. 05125701. Just Retirement Solutions is authorised and regulated by the Financial Conduct Authority