Compare The UK's Best Annuity Rates - Use Our Fast & Free Annuity Calculator

An annuity typically refers to a lifetime annuity, which converts the money in your pension pot into a guaranteed retirement income for life. Depending on your lifestyle and medical history, you may qualify for an enhanced annuity, which provides you with an increased income.

An enhanced annuity through Retirement Line can give you up to 75% more income compared to the lowest conventional annuity. Even moderate health conditions mean you may qualify for an enhanced annuity.

Many people don’t realise it, but you can take your pension pot away from the company that built it up to get a better deal elsewhere. Just accepting their offer can be an expensive mistake. With our help, you could get up to 75% higher income than the income paid by a conventional annuity through your existing pension company.

Get preferential quotes from the UK’s largest annuity broker. At Retirement Line, we can help you secure the highest retirement income by providing lifetime annuity quotes from the whole of the market. Choose from conventional, enhanced and fixed term annuities and let us take care of the paperwork.

How much will our service cost you?
Irrespective of how much time we spend in assisting you in providing information about your options and quotations, we do so without charge or any obligation for you to use our service. If we arrange an annuity for you, we will receive commission from your chosen provider which is taken into account in calculating your annuity rate.

Conventional Annuity
This is the standard type of annuity. A conventional annuity pays you a guaranteed income for the rest of your life, regardless of what happens to interest rates or investment markets in the future. The amount of your income reflects the current market conditions when you take out your annuity. A conventional annuity assumes you have no particular health or lifestyle conditions.

Enhanced Annuity
An enhanced annuity also provides you with a guaranteed income for the rest of your life. The difference is that an enhanced annuity provides you with an income up to 75% higher than a conventional annuity. This is because an enhanced annuity reflects your medical history and lifestyle. Because many pension income providers assume you will not live as long as someone with a clean bill of health, you are paid a higher income. It is estimated around 60% of people qualify for an enhanced annuity and there are around 1,500 different conditions which are relevant. These range from moderate health and lifestyle conditions such as high cholesterol, smoking, excess weight and alcohol consumption to conditions such as cancer and heart disease. Even certain occupations qualify.

Fixed Term Annuity
Instead of paying you a guaranteed income for the rest of your life, a fixed term annuity pays you a guaranteed income only for a fixed period of time. This is helpful if you want to keep your options open, or not commit to something you cannot change later. A fixed term annuity works by paying you an income for a set period – typically five or ten years. At the end of this period, it then pays you a reduced lump sum of money. You can then use this to invest in another retirement income product, such as a conventional or enhanced annuity, or take as a cash lump sum, subject to tax.