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annuities

Annuities explained

  • How to turn your pension fund into an income
  • The pros and cons of different annuity options
  • Tips on shopping around to increase the amount you'll get

What's in this guide

How they work

Annuities explained – how to convert your pension into an income.

Problem solvers

Confused by the options? We explain the basic annuity types you will have to choose between.

Annuity types

Once you have decided on the basics, there are a number of options available to you.

Buying an annuity

Increase your income by shopping around for the best annuity rate.

Annuity alternatives

Two ways you can put off converting your whole pension pot.