• 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

What is an annuity? Video guide

Which? explains what an annuity is, how they work, types of annuity, who they're appropriate for and when you should buy an annuity. Contains video

Annuity options

Confused by the annuity options? We explain the basic annuity types you will have to choose between, and which ones could suit you.

Enhanced annuities

Find out how you could get an income boost of almost 50% if you've got a medical condition by buying an enhanced annuity.

Annuity rates

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.

Buying 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.

Selling an annuity

From April 2017, you'll be allowed to sell your annuity. Which? explains how cashing in your annuity might work.

Which? Limited (registered in England and Wales number 00677665) is an Introducer Appointed Representative of Which? Financial Services Limited (registered in England and Wales number 07239342). Which? Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited. Registered office: 2 Marylebone Road, London NW1 4DF.