- Buying an annuity: how to turn your pension fund into an income
- The pros and cons of different annuity options, including enhanced annuities
- Tips on shopping around to increase the amount you'll get from your annuity
- Want to avoid buying an annuity? We explore the alternatives available
What's in this guide
Which? explains what is an annuity, how annuities work, who annuities are appropriate for and when you should buy an annuity.
When you buy an annuity, make sure you shop around for the right provider and seek advice. Which? explains the different annuity options on the market.
Confused by the annuity options? We explain the basic annuity types you will have to choose between, and which ones could suit you.
Find out how you could get an income boost of almost 50% if you've got a medical condition by buying an enhanced annuity.
A number of factors can affect how much annuity income you'll receive, such as life expectancy and interest rates. Learn about them in this guide.
You don't have to buy an annuity - you can leave your pension invested and enter into something called income drawdown. Find out more in this guide.
Which Ltd is an Introducer Appointed Representative of Which? Financial Services Ltd, which is authorised and regulated by the Financial Conduct Authority. Which? Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited. Your home may be repossessed if you do not keep up repayments on your mortgage.