Written by the Retirement Line Team
Retirement Line provides a free annuity quote and comparison service, starting with an annuity quote online. We compare the best annuity quotes from the UK’s leading annuity providers including Aviva, Canada Life, Just, Legal & General, LV and Scottish Widows.
You can read more about our annuity quote and information service below, or request an online annuity quote now. Our team of Annuity Specialists is also here to help – call 0800 652 1316 or request a call back for information to help you choose the best annuity for your needs.
Annuity quotes from Retirement Line are free and provided with no obligation, as is our full annuity arrangement service. There is no direct cost to you as we receive commission, which is taken into account in the annuity rate you are offered, from your chosen annuity provider.
We provide guidance and all the information you need to make an informed decision about arranging your annuity income. Our service recognises the need to provide our clients with a service that offers empathy, compassion and an ‘easy to understand’ explanation of all their annuity choices.
We also simplify the process of arranging your annuity by taking care of all the paperwork for you. With many years’ experience of successfully arranging annuities for many thousands of people throughout the UK, Retirement Line has an exceptional reputation for providing outstanding customer service. No matter how much time we spend assisting you in understanding your options, we will not charge you a fee for using our no-obligation service.
Have you saved money into a personal pension or a company ‘defined contribution’ pension scheme? If you have, and you are aged 55+, you can turn your savings into a regular income with an annuity, either for life or a fixed term.
If you want a retirement income that is unaffected by interest rate or stock market fluctuations, an annuity may appeal to you. That’s because you can choose an annuity that pays a guaranteed income, so you’ll know from the outset how much you’ll receive. You can also choose a beneficiary to receive a lump sum or income should you pass away before them.
You can take up to 25% of your pension pot as a tax-free lump sum, buying an annuity with the remaining 75%. There is typically a minimum purchase amount of £5,000, after you have taken your tax-free allowance.
Your annuity quotes online are based on the rate offered by the annuity providers. This annuity rate, along with how much money you want to use to buy your annuity, will determine how much income you receive.
The rate used in your annuity quote online will be based on a number of factors. These include your age – normally, the older you are, the larger your personal annuity rate.
Annuity rates aren’t just based on your personal circumstances. They are also linked to bonds/gilt yields and interest rates. When these increase, as was seen in 2022 for example, annuity rates tend to follow.
The Financial Conduct Authority (FCA) reported in 2016 that ‘80% of people who purchased an annuity via their pension provider could have received a better deal from another provider’.
This is why we recommend shopping around to compare annuity quotes from different providers. In fact, the FCA actually requires all pension schemes to make it clear to their members that they could get a better deal by shopping around.
It could of course be potentially time consuming for you to ask several annuity providers to provide annuity quotes. In addition, many won’t deal directly with the public. You may therefore prefer to ask an intermediary such as Retirement Line to do it for you.
Also, if you talk to one of our Annuity Specialists they can check your eligibility for an enhanced annuity. Some lifestyle choices such as smoking and drinking alcohol may qualify you for a higher rate. There are also many common health conditions that could see you achieve a better income for life. To find out if you may be eligible, call our team of Annuity Specialists on 0800 652 1316 or request a call back and we’ll call you at a more convenient
We can compare any annuity rate and income you’ve been offered against quotes from leading providers. This service includes asking you about your health and lifestyle to see if you qualify for an enhanced annuity. You may also enjoy preferential annuity rates we secure as the UK's largest pension annuity broker* and our relationships with leading annuity providers.
This service is provided with no obligation and at no direct cost to you. Instead, we receive commission from your chosen annuity provider only if you go ahead with your annuity.
For your added peace of mind, we offer our Best Quote Guarantee. We’ll send you a £250 M&S gift voucher if you receive a better annuity quotation on a like-for-like basis directly from another broker or provider¹.
To get a quick online annuity quote using our annuity quote calculator, you’ll need the following information:
Estimated pension fund value AFTER you have taken up to 25% tax-free cash.
Your approximate retirement date OR the date you wish to start your annuity if you wish to do this before retirement.
Your postcode: living in certain areas could qualify you for a higher income.
Your date of birth because your annuity rate and income will depend on your age; generally, the older you are, the higher the rate and income.
Your email address: your online annuity quote will be a summary based on the above information, but we would like to send you more comprehensive quotes and further information about your options.
Retirement Line does much more than generate annuity quotes from leading providers. We offer all the necessary information to enable you to make the right decision about your retirement income.
✔️ No cost. It’s completely free to get an annuity quotation from Retirement Line. We also provide detailed information without cost or obligation.
✔️ Hassle-free. Retirement Line makes arranging the best annuity rates simple and straightforward. We take care of all the paperwork and help you every step of the way.
✔️ The best rates. The volume of business we introduce to the UK’s major annuity providers helps to enable us to obtain the highest preferential annuity rates for you.
For a free, no-obligation annuity quote, try our free annuity calculator. If you’d prefer to speak with an Annuity Specialist directly, you can call us on 0800 652 1316 or email us at email@example.com.
Call now and talk to an Annuity Specialist about how we can boost your annuity income in retirement0800 652 1316