When you start looking for your annuity, remember that full disclosure will get you the best UK annuity rates. What exactly do we mean by this? Well, If you’ve looked around this website you’ll know that are are several factors which can be taken into consideration in determining the annuity rates you’re offered. Principally, these are your health, your lifestyle, and where you live. In terms of your annuity enquiry the only thing we know about is where you live, because you have to provide your postcode. We really don’t know anything else about you, unless you tell us. If there’s something you don’t tell us about that might matter, you could mss out on an awful lot of retirement income.
There are some more obvious things you could disclose, and what a difference that could make to the UK annuity rates you’re offered. If you suffer from diabetes, or if you smoke, you could get up to 30% more income. If you have asthma, or if you’re obese, you could get up to 10% more. Higher incomes if the conditions are more serious. However, you have to tell us or you’ll lose out; you need to volunteer information. Make sure you let us know, for example, if you’re a regular drinker, as this can make a difference. It’s the one time in your life when ‘negative’ issues can help you positively from a financial perspective.
