Buying A Pension Annuity May 2026

Current annuity rates (which recently reached an 18-year high due to rising gilt yields). Your age and health status. Common Types of Annuities

: Provides a guaranteed income for the remainder of your life, no matter how long you live. buying a pension annuity

: Offers higher income if you have certain medical conditions or lifestyle factors (e.g., smoking) that may shorten life expectancy. Current annuity rates (which recently reached an 18-year

: Increases each year, either by a fixed percentage or in line with inflation, to protect your purchasing power. Key Considerations Before Purchasing Consumer's Guide to Understanding Annuities buying a pension annuity